Atalanta Sosnoff Capital LLC Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Atalanta Sosnoff Capital LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 143,713 shares of the company's stock after acquiring an additional 11,805 shares during the quarter. Atalanta Sosnoff Capital LLC owned 0.06% of CrowdStrike worth $49,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. World Investment Advisors LLC lifted its stake in CrowdStrike by 24.7% during the 3rd quarter. World Investment Advisors LLC now owns 2,514 shares of the company's stock valued at $705,000 after acquiring an additional 498 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in CrowdStrike in the 3rd quarter worth about $1,319,000. Tidal Investments LLC grew its holdings in shares of CrowdStrike by 7.5% in the third quarter. Tidal Investments LLC now owns 24,813 shares of the company's stock valued at $6,959,000 after acquiring an additional 1,740 shares in the last quarter. Peapack Gladstone Financial Corp purchased a new position in CrowdStrike in the third quarter worth $497,000. Finally, Versant Capital Management Inc grew its stake in CrowdStrike by 19.1% in the 4th quarter. Versant Capital Management Inc now owns 711 shares of the company's stock valued at $243,000 after purchasing an additional 114 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CRWD shares. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. JMP Securities upped their price objective on CrowdStrike from $400.00 to $500.00 and gave the company a "market outperform" rating in a research note on Monday. Truist Financial lowered their target price on CrowdStrike from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Stephens initiated coverage on CrowdStrike in a research note on Tuesday, April 1st. They set an "overweight" rating and a $450.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $403.20.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $17.83 during trading on Wednesday, hitting $425.38. 3,578,363 shares of the stock traded hands, compared to its average volume of 5,056,668. The company has a fifty day moving average price of $374.02 and a two-hundred day moving average price of $367.80. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The company has a market cap of $105.44 billion, a price-to-earnings ratio of 834.77, a P/E/G ratio of 17.86 and a beta of 1.22.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 13,543 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the transaction, the president now directly owns 405,308 shares in the company, valued at approximately $145,351,554.96. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,431 shares of company stock valued at $86,974,223. 4.34% of the stock is owned by company insiders.

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.