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

TimesSquare Capital Management LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 209,890 shares of the company’s stock after selling 66,574 shares during the period. CrowdStrike comprises approximately 1.0% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. TimesSquare Capital Management LLC’s holdings in CrowdStrike were worth $71,816,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Jennison Associates LLC grew its stake in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after purchasing an additional 920,695 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of CrowdStrike by 1,655.9% in the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock worth $212,021,000 after purchasing an additional 712,900 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the last quarter. Finally, State Street Corp grew its stake in shares of CrowdStrike by 2.9% in the third quarter. State Street Corp now owns 9,630,776 shares of the company’s stock worth $2,701,144,000 after purchasing an additional 275,717 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 0.8 %

CRWD opened at $455.18 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $455.44. The firm has a market capitalization of $112.12 billion, a PE ratio of 892.53, a P/E/G ratio of 17.22 and a beta of 1.16. The company’s 50-day moving average is $380.83 and its 200 day moving average is $326.77.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Robert W. Baird reissued a “neutral” rating and issued a $430.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Monday, February 3rd. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $372.00 to $418.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price target on the stock. in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

Insider Buying and Selling

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares in the company, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 17,120 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $428.13, for a total transaction of $7,329,585.60. Following the completion of the sale, the director now owns 780,592 shares of the company’s stock, valued at approximately $334,194,852.96. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,565 shares of company stock worth $49,235,849 in the last quarter. Insiders own 4.34% of the company’s stock.

CrowdStrike 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.