Janus Henderson Group PLC Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Janus Henderson Group PLC lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,649 shares of the company's stock after selling 1,113 shares during the quarter. Janus Henderson Group PLC's holdings in CrowdStrike were worth $9,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Jennison Associates LLC raised its stake in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock valued at $1,854,843,000 after buying an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CrowdStrike by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter worth $1,111,542,000. Finally, Northern Trust Corp increased its holdings in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.2%

CRWD stock traded up $5.09 during midday trading on Monday, reaching $444.35. 2,011,721 shares of the company traded hands, compared to its average volume of 5,099,384. The firm has a market capitalization of $110.14 billion, a price-to-earnings ratio of 871.29, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The business has a 50 day moving average of $385.84 and a 200-day moving average of $375.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the transaction, the chief accounting officer now directly owns 34,024 shares in the company, valued at $12,649,782.96. This trade represents a 5.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,431 shares of company stock worth $76,275,228. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent analyst reports. Evercore ISI boosted their price objective on shares of CrowdStrike from $400.00 to $450.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Bank of America upped their price target on CrowdStrike from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Raymond James cut CrowdStrike from an "outperform" rating to a "cautious" rating in a research report on Monday, March 10th. Royal Bank of Canada reissued an "outperform" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $440.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $403.56.

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.