CrowdStrike (NASDAQ:CRWD) CEO Sells $8,817,469.90 in Stock

Key Points

• George Kurtz, CEO of CrowdStrike, sold 17,830 shares for approximately $8.82 million, reducing his ownership by 0.84% while maintaining over 2 million shares valued at over $1 billion.
• CrowdStrike's stock recently traded down 1.6%, with shares reaching $476.33, amidst a broader trading volume below average at around 2.2 million shares.
• The company reported earnings of $0.93 per share for the last quarter, exceeding estimates, with a revenue increase of 21.4% year-over-year to $1.17 billion.

CrowdStrike (NASDAQ:CRWD - Get Free Report) CEO George Kurtz sold 17,830 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. The trade was a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, August 5th, George Kurtz sold 42,267 shares of CrowdStrike stock. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49.

CrowdStrike Trading Down 1.6%

Shares of CrowdStrike stock traded down $7.77 on Wednesday, reaching $476.33. 2,210,704 shares of the company's stock were exchanged, compared to its average volume of 4,046,499. CrowdStrike has a 52 week low of $272.67 and a 52 week high of $517.98. The firm's 50-day moving average is $443.62 and its two-hundred day moving average is $432.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $119.54 billion, a P/E ratio of -400.27, a price-to-earnings-growth ratio of 113.76 and a beta of 1.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the business earned $1.04 EPS. CrowdStrike's quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

CRWD has been the subject of several research analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a research report on Thursday, September 18th. Cfra reissued a "hold" rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Wells Fargo & Company lifted their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. The Goldman Sachs Group lifted their price objective on CrowdStrike from $492.00 to $535.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Finally, JMP Securities lifted their price objective on CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $480.07.

Institutional Trading of CrowdStrike

A number of large investors have recently modified their holdings of the business. Patron Partners LLC boosted its position in shares of CrowdStrike by 2.1% during the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company's stock valued at $548,000 after acquiring an additional 22 shares during the last quarter. Real Talk Capital LLC boosted its position in shares of CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company's stock valued at $963,000 after acquiring an additional 24 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after acquiring an additional 25 shares during the last quarter. Close Asset Management Ltd boosted its position in shares of CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.16% 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.

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