Monetta Financial Services Inc. Buys Shares of 2,500 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Monetta Financial Services Inc. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,500 shares of the company's stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Whittier Trust Co. grew its holdings in CrowdStrike by 11.3% in the fourth quarter. Whittier Trust Co. now owns 24,472 shares of the company's stock valued at $8,373,000 after purchasing an additional 2,480 shares during the period. BluePointe Capital Management LLC grew its stake in shares of CrowdStrike by 1.6% during the 4th quarter. BluePointe Capital Management LLC now owns 2,301 shares of the company's stock valued at $787,000 after buying an additional 37 shares during the period. Berkshire Capital Holdings Inc. increased its holdings in shares of CrowdStrike by 237,200.0% during the 4th quarter. Berkshire Capital Holdings Inc. now owns 23,730 shares of the company's stock worth $8,119,000 after buying an additional 23,720 shares during the last quarter. iA Global Asset Management Inc. raised its position in shares of CrowdStrike by 6.3% in the 4th quarter. iA Global Asset Management Inc. now owns 25,205 shares of the company's stock worth $8,624,000 after buying an additional 1,483 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of CrowdStrike by 787.9% in the 4th quarter. Teacher Retirement System of Texas now owns 13,727 shares of the company's stock worth $4,697,000 after buying an additional 12,181 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

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Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 17,120 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the transaction, the director now owns 780,592 shares in the company, valued at approximately $334,194,852.96. This represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,858 shares of company stock valued at $21,288,706 in the last quarter. Company insiders own 4.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CRWD. Piper Sandler set a $347.00 price target on CrowdStrike in a research note on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Wells Fargo & Company raised their price target on shares of CrowdStrike from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Citigroup reissued a "buy" rating on shares of CrowdStrike in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $399.51.

CrowdStrike Stock Performance

CRWD traded up $10.40 during trading on Monday, reaching $372.64. 4,144,121 shares of the company were exchanged, compared to its average volume of 4,768,326. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $386.53 and a 200 day moving average of $345.25. The stock has a market cap of $92.37 billion, a P/E ratio of 730.68, a PEG ratio of 17.86 and a beta of 1.19.

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.