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

TimesSquare Capital Management LLC lowered its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,464 shares of the company’s stock after selling 108,474 shares during the quarter. CrowdStrike makes up 1.2% of TimesSquare Capital Management LLC’s portfolio, making the stock its 24th biggest holding. TimesSquare Capital Management LLC’s holdings in CrowdStrike were worth $77,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the 2nd quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new stake in CrowdStrike in the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of CrowdStrike during the second quarter valued at about $38,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research note on Monday, September 9th. Finally, Sanford C. Bernstein dropped their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Stock Down 0.2 %

Shares of CrowdStrike stock opened at $330.03 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $80.90 billion, a price-to-earnings ratio of 478.30, a PEG ratio of 21.64 and a beta of 1.10. The firm’s 50-day moving average is $289.62 and its two-hundred day moving average is $308.66. CrowdStrike Holdings, Inc. has a 1 year low of $189.12 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock valued at $32,143,350. 4.34% of the stock is currently owned by insiders.

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.