Townsquare Capital LLC Sells 1,267 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Townsquare Capital LLC cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,228 shares of the company’s stock after selling 1,267 shares during the period. Townsquare Capital LLC’s holdings in CrowdStrike were worth $2,473,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CRWD. Berbice Capital Management LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $27,000. Fortitude Family Office LLC increased its stake in shares of 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. FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in CrowdStrike during the 4th quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at approximately $34,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $392.80 on Wednesday. The company has a market cap of $97.36 billion, a PE ratio of 770.21, a PEG ratio of 17.86 and a beta of 1.28. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $455.59. The company’s 50-day moving average is $378.80 and its two-hundred day moving average is $356.24.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird cut their price target on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Scotiabank reissued a “sector perform” rating on shares of CrowdStrike in a report on Wednesday, February 5th. Raymond James downgraded shares of CrowdStrike from an “outperform” rating to a “cautious” rating in a report on Monday, March 10th. Evercore ISI raised their price objective on CrowdStrike from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $380.00 to $405.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $400.88.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 22,449 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.68, for a total value of $8,052,007.32. Following the completion of the sale, the chief executive officer now directly owns 2,178,452 shares of the company’s stock, valued at $781,367,163.36. This represents a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 116,801 shares of company stock worth $44,134,002 over the last ninety days. Company 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.