Metis Global Partners LLC Sells 612 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Metis Global Partners LLC lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,993 shares of the company’s stock after selling 612 shares during the quarter. Metis Global Partners LLC’s holdings in CrowdStrike were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CRWD. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 14,717,715 shares of the company’s stock worth $2,463,451,000 after acquiring an additional 150,898 shares during the last quarter. Jennison Associates LLC increased its position in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Morgan Stanley raised its stake in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock worth $832,516,000 after buying an additional 2,757,251 shares during the period. Ameriprise Financial Inc. lifted its position in shares of CrowdStrike by 17.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,768,332 shares of the company’s stock valued at $463,482,000 after buying an additional 419,619 shares in the last quarter. Finally, FMR LLC grew its stake in shares of CrowdStrike by 8.6% during the 3rd quarter. FMR LLC now owns 1,864,511 shares of the company’s stock valued at $312,082,000 after acquiring an additional 147,757 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRWD. JMP Securities upped their price target on shares of CrowdStrike from $330.00 to $400.00 and gave the stock a “market outperform” rating in a research report on Wednesday, March 6th. UBS Group upped their price target on CrowdStrike from $385.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BTIG Research lifted their price objective on shares of CrowdStrike from $322.00 to $432.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group upped their target price on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their price target on shares of CrowdStrike from $357.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $371.87.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at $11,773,108.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Anurag Saha sold 1,019 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the transaction, the chief accounting officer now directly owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 14,815 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.85, for a total value of $4,827,467.75. Following the completion of the sale, the insider now directly owns 235,850 shares of the company’s stock, valued at approximately $76,851,722.50. The disclosure for this sale can be found here. Insiders have sold a total of 295,576 shares of company stock valued at $94,052,850 in the last 90 days. Insiders own 5.68% of the company’s stock.

CrowdStrike Stock Up 1.3 %

CrowdStrike stock opened at $317.94 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $129.25 and a twelve month high of $365.00. The business has a fifty day moving average of $313.09 and a two-hundred day moving average of $275.45. The firm has a market cap of $76.90 billion, a P/E ratio of 883.17, a P/E/G ratio of 12.41 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million during the quarter, compared to analysts’ expectations of $839.08 million. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.