TimesSquare Capital Management LLC Cuts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TimesSquare Capital Management LLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 431,673 shares of the company’s stock after selling 37,995 shares during the quarter. CrowdStrike comprises 1.6% of TimesSquare Capital Management LLC’s portfolio, making the stock its 5th largest position. TimesSquare Capital Management LLC owned approximately 0.18% of CrowdStrike worth $110,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. CVA Family Office LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth about $26,000. Bear Mountain Capital Inc. bought a new position in CrowdStrike in the 4th quarter worth about $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at about $36,000. Finally, Quent Capital LLC grew its holdings in shares of CrowdStrike by 48.5% during the fourth quarter. Quent Capital LLC now owns 147 shares of the company’s stock valued at $38,000 after buying an additional 48 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at $95,815,269.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total value of $4,807,027.95. Following the completion of the transaction, the chief financial officer now owns 313,994 shares of the company’s stock, valued at $95,815,269.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,019 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $325.80, for a total value of $331,990.20. Following the completion of the transaction, the chief accounting officer now owns 36,136 shares of the company’s stock, valued at approximately $11,773,108.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 295,576 shares of company stock valued at $94,052,850. 5.68% of the stock is currently owned by insiders.

CrowdStrike Trading Up 1.3 %

CRWD traded up $4.18 during trading on Thursday, reaching $317.94. The company had a trading volume of 2,157,316 shares, compared to its average volume of 3,445,181. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.32. CrowdStrike Holdings, Inc. has a 52 week low of $129.25 and a 52 week high of $365.00. The stock has a market cap of $76.90 billion, a P/E ratio of 883.19, a PEG ratio of 12.41 and a beta of 1.08. The business has a 50 day simple moving average of $313.09 and a 200-day simple moving average of $275.45.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a return on equity of 6.09% and a net margin of 2.92%. The firm had revenue of $845.34 million during the quarter, compared to analyst estimates of $839.08 million. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent analyst reports. DA Davidson increased their target price on CrowdStrike from $285.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer raised their price target on shares of CrowdStrike from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Mizuho boosted their price objective on shares of CrowdStrike from $360.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Evercore ISI boosted their target price on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, JMP Securities upped their price objective on CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.87.

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.