MML Investors Services LLC Has $21.70 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MML Investors Services LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,426 shares of the company's stock after acquiring an additional 1,637 shares during the quarter. MML Investors Services LLC's holdings in CrowdStrike were worth $21,702,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Jacobi Capital Management LLC raised its holdings in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after acquiring an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares during the period. Wintrust Investments LLC increased its position in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares during the last quarter. Greenwich Wealth Management LLC boosted its holdings in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of CrowdStrike by 0.5% in the fourth quarter. Altman Advisors Inc. now owns 6,623 shares of the company's stock valued at $2,266,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company's stock, valued at approximately $42,459,423.38. This trade represents a 4.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. This represents a 3.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,375 shares of company stock worth $46,197,236 over the last three months. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRWD. BTIG Research raised shares of CrowdStrike from a "neutral" rating to a "buy" rating and set a $431.00 price target on the stock in a research note on Tuesday, March 25th. Morgan Stanley decreased their price objective on shares of CrowdStrike from $429.00 to $415.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities restated a "buy" rating and issued a $450.00 price target on shares of CrowdStrike in a research report on Wednesday, March 5th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Susquehanna upped their target price on CrowdStrike from $400.00 to $425.00 and gave the company a "positive" rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $400.76.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $17.62 during trading on Wednesday, hitting $386.07. 3,575,411 shares of the company's stock traded hands, compared to its average volume of 5,036,659. The firm's fifty day moving average price is $372.64 and its 200 day moving average price is $359.37. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $455.59. The company has a market cap of $95.70 billion, a PE ratio of 757.02, a PEG ratio of 17.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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.