TimesSquare Capital Management LLC Has $71.82 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TimesSquare Capital Management LLC decreased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,890 shares of the company’s stock after selling 66,574 shares during the quarter. CrowdStrike accounts for approximately 1.0% of TimesSquare Capital Management LLC’s holdings, making the stock its 29th largest holding. TimesSquare Capital Management LLC owned 0.09% of CrowdStrike worth $71,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Castleview Partners LLC acquired a new stake in shares of CrowdStrike in the 3rd quarter valued at about $32,000. Everence Capital Management Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at about $527,000. Whittier Trust Co. increased its position in shares of CrowdStrike by 2,508.8% in the third quarter. Whittier Trust Co. now owns 21,992 shares of the company’s stock valued at $6,168,000 after acquiring an additional 21,149 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of CrowdStrike by 3,278.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 9,764 shares of the company’s stock valued at $2,738,000 after acquiring an additional 9,475 shares during the last quarter. Finally, Telos Capital Management Inc. acquired a new stake in shares of CrowdStrike in the third quarter valued at about $505,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup lifted their target price on CrowdStrike from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, January 17th. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 target price on the stock. in a research report on Wednesday, November 27th. Hsbc Global Res downgraded CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald lifted their price target on CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, Morgan Stanley lifted their price target on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $376.00.

CrowdStrike Stock Up 0.8 %

Shares of CRWD opened at $455.18 on Wednesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $455.44. The company has a market cap of $112.12 billion, a P/E ratio of 892.53, a P/E/G ratio of 17.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a 50 day simple moving average of $380.83 and a two-hundred day simple moving average of $326.77.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,863 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at $14,718,009.14. The trade was a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $345.65, for a total transaction of $2,160,312.50. Following the transaction, the director now owns 811,842 shares of the company’s stock, valued at approximately $280,613,187.30. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,565 shares of company stock worth $49,235,849 over the last three months. Corporate insiders own 4.34% of the company’s stock.

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.