MetLife Investment Management LLC Has $25.12 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MetLife Investment Management LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,400 shares of the company’s stock after buying an additional 3,105 shares during the period. MetLife Investment Management LLC’s holdings in CrowdStrike were worth $25,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in CrowdStrike in the 4th quarter valued at $27,000. Fortitude Family Office LLC grew its holdings in shares of CrowdStrike by 112.8% during the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock worth $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the period. Luken Investment Analytics LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $34,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $450.00 target price on shares of CrowdStrike in a research report on Wednesday, March 5th. Morgan Stanley lowered their price objective on shares of CrowdStrike from $429.00 to $415.00 and set an “overweight” rating for the company in a research report on Wednesday. Wedbush raised their target price on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Citigroup reiterated a “buy” rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $440.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $400.53.

CrowdStrike Stock Performance

Shares of CRWD opened at $375.62 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.59. The company has a market cap of $93.11 billion, a PE ratio of 736.52, a P/E/G ratio of 17.86 and a beta of 1.28. The stock has a 50-day moving average of $375.78 and a 200-day moving average of $358.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Insider Activity

In other news, CEO George Kurtz sold 22,449 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.68, for a total transaction of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. The trade was a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $412.39, for a total value of $2,577,437.50. Following the transaction, the director now owns 805,592 shares of the company’s stock, valued at $332,218,084.88. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 119,401 shares of company stock worth $45,119,220 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Company 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.