TimesSquare Capital Management LLC Sells 66,574 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TimesSquare Capital Management LLC cut its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,890 shares of the company's stock after selling 66,574 shares during the quarter. CrowdStrike comprises 1.0% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 29th largest holding. TimesSquare Capital Management LLC owned approximately 0.09% of CrowdStrike worth $71,816,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Berbice Capital Management LLC bought a new position in CrowdStrike during the fourth quarter valued at about $27,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the third quarter valued at $28,000. Fortitude Family Office LLC lifted its position in CrowdStrike by 112.8% in the fourth quarter. Fortitude Family Office LLC now owns 83 shares of the company's stock worth $28,000 after purchasing an additional 44 shares during the period. Castleview Partners LLC acquired a new stake in CrowdStrike during the third quarter worth $32,000. Finally, Luken Investment Analytics LLC bought a new stake in CrowdStrike in the 4th quarter valued at $34,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $29.53 on Friday, reaching $406.61. 5,588,416 shares of the company traded hands, compared to its average volume of 3,150,410. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $455.59. 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 company has a 50 day moving average of $384.76 and a 200 day moving average of $329.67. The firm has a market capitalization of $100.15 billion, a PE ratio of 797.30, a PEG ratio of 17.86 and a beta of 1.16.

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Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $450.67, for a total value of $1,802,680.00. Following the sale, the insider now owns 94,214 shares of the company's stock, valued at $42,459,423.38. This trade represents a 4.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,863 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.46, for a total value 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 approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,565 shares of company stock worth $51,038,529 over the last 90 days. Corporate insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CRWD shares. JMP Securities restated a "market outperform" rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Baird R W cut CrowdStrike from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Rosenblatt Securities raised their price target on CrowdStrike from $325.00 to $385.00 and gave the company a "buy" rating in a report on Monday, November 25th. Piper Sandler boosted their price objective on CrowdStrike from $290.00 to $375.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, Truist Financial raised their target price on shares of CrowdStrike from $385.00 to $460.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $383.08.

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.