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

Janus Henderson Group PLC trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 87.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,762 shares of the company’s stock after selling 192,436 shares during the period. Janus Henderson Group PLC’s holdings in CrowdStrike were worth $7,789,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in CrowdStrike in the second quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the second quarter worth approximately $33,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike in the second quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of CrowdStrike during the second quarter valued at approximately $38,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Up 0.2 %

Shares of CRWD opened at $365.65 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $322.92 and a 200 day moving average of $313.31. The company has a market cap of $90.06 billion, a PE ratio of 716.97, a P/E/G ratio of 19.55 and a beta of 1.11. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWD. Raymond James reduced their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Evercore ISI lifted their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Stifel Nicolaus boosted their target price on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial raised their price target on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. Finally, Citigroup boosted their price objective on shares of CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $355.80.

Insider Buying and Selling

In other news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the sale, the director now directly owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. The trade was a 41.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total transaction of $2,183,375.00. Following the completion of the transaction, the director now directly owns 809,266 shares in the company, valued at $282,708,984.44. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,498 shares of company stock valued at $45,116,385. Company insiders own 4.34% of the company’s stock.

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.