CrowdStrike (NASDAQ:CRWD) Stock Position Reduced by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,760 shares of the company's stock after selling 28,130 shares during the period. TimesSquare Capital Management LLC owned approximately 0.07% of CrowdStrike worth $64,085,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in CrowdStrike during the 1st quarter worth $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC grew its holdings in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CRWD. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a report on Friday, June 6th. Barclays set a $500.00 price target on shares of CrowdStrike in a report on Tuesday, June 3rd. BMO Capital Markets lifted their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Roth Capital lifted their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $456.60.

CrowdStrike Price Performance

Shares of CRWD stock traded up $1.33 during midday trading on Thursday, reaching $471.78. 1,053,909 shares of the company were exchanged, compared to its average volume of 4,753,175. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The company has a market cap of $117.59 billion, a P/E ratio of -684.26 and a beta of 1.16. The company's 50 day moving average price is $472.41 and its two-hundred day moving average price is $413.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares in the company, valued at approximately $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,294 shares of company stock worth $118,670,500. 3.32% of the stock is 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.