Metis Global Partners LLC Sells 699 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Metis Global Partners LLC lessened its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,378 shares of the company’s stock after selling 699 shares during the quarter. Metis Global Partners LLC’s holdings in CrowdStrike were worth $2,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter worth $25,000. Family Firm Inc. purchased a new position in CrowdStrike in the 2nd quarter worth $30,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike in the 2nd quarter worth $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike in the 2nd quarter worth $36,000. Finally, Hobbs Group Advisors LLC purchased a new position in CrowdStrike in the 2nd quarter worth $38,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last quarter. 4.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. Truist Financial reiterated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. KeyCorp lifted their price objective on CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Wedbush set a $330.00 price objective on CrowdStrike in a research note on Thursday, October 17th. Susquehanna restated a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

Shares of CRWD opened at $336.75 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. The company has a market cap of $82.55 billion, a price-to-earnings ratio of 488.04, a PEG ratio of 23.52 and a beta of 1.10. The company’s fifty day simple moving average is $295.99 and its 200 day simple moving average is $309.90. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

About CrowdStrike

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.