CrowdStrike (NASDAQ:CRWD) CEO Sells $8,448,219.00 in Stock

CrowdStrike (NASDAQ:CRWD) CEO George Kurtz sold 17,550 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $481.38, for a total value of $8,448,219.00. Following the sale, the chief executive officer directly owned 2,090,532 shares of the company’s stock, valued at $1,006,340,294.16. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

George Kurtz also recently made the following trade(s):

• On Monday, November 3rd, George Kurtz sold 6,975 shares of CrowdStrike stock. The shares were sold at an average price of $549.89, for a total value of $3,835,482.75.

CrowdStrike Trading Down 0.5%

NASDAQ:CRWD opened at $476.35 on Friday. The company has a market capitalization of $120.09 billion, a P/E ratio of -378.06, a P/E/G ratio of 114.76 and a beta of 1.09. The stock’s 50 day moving average price is $514.35 and its 200 day moving average price is $482.52. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, December 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.700-3.720 EPS and its Q4 2026 guidance at 1.090-1.110 EPS. On average, research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of CrowdStrike by 1.9% during the third quarter. Vanguard Group Inc. now owns 23,876,498 shares of the company’s stock valued at $11,708,557,000 after buying an additional 445,926 shares during the last quarter. State Street Corp grew its position in CrowdStrike by 1.1% during the third quarter. State Street Corp now owns 10,922,290 shares of the company’s stock worth $5,356,073,000 after buying an additional 117,639 shares in the last quarter. Geode Capital Management LLC increased its stake in CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after acquiring an additional 273,922 shares during the period. Laurel Wealth Advisors LLC raised its holdings in CrowdStrike by 54,635.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock valued at $2,186,714,000 after acquiring an additional 4,285,640 shares in the last quarter. Finally, Norges Bank acquired a new position in CrowdStrike in the 2nd quarter valued at approximately $1,638,365,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $580.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. BMO Capital Markets boosted their target price on CrowdStrike from $500.00 to $555.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Stephens reaffirmed an “overweight” rating and set a $590.00 target price on shares of CrowdStrike in a research report on Thursday, December 18th. BNP Paribas Exane lifted their price target on shares of CrowdStrike from $350.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Truist Financial boosted their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $555.10.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.