CrowdStrike (NASDAQ:CRWD) President Michael Sentonas Sells 11,561 Shares

Key Points

• Michael Sentonas, President of CrowdStrike, sold 11,561 shares of the company for approximately $5.73 million, reducing his ownership by 2.82% and leaving him with about 399,116 shares valued at nearly $198 million.
• CrowdStrike reported a revenue increase of 21.4% year-over-year for the last quarter, with earnings per share surpassing estimates at $0.93.
• Recent analyst ratings have generally been positive, with several firms raising their target prices on CrowdStrike stock, resulting in an average target price of $480.07.

CrowdStrike (NASDAQ:CRWD - Get Free Report) President Michael Sentonas sold 11,561 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $495.69, for a total transaction of $5,730,672.09. Following the completion of the sale, the president directly owned 399,116 shares in the company, valued at approximately $197,837,810.04. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $7.77 on Wednesday, reaching $476.33. The stock had a trading volume of 2,210,704 shares, compared to its average volume of 4,046,499. CrowdStrike has a 1 year low of $272.67 and a 1 year high of $517.98. The company has a market cap 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. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $443.62 and its two-hundred day moving average is $432.52.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly 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 net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The company's revenue for the quarter was up 21.4% on a year-over-year basis. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS. As a group, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company's stock worth $11,933,425,000 after purchasing an additional 596,007 shares during the last quarter. State Street Corp grew its holdings in shares of CrowdStrike by 3.6% in the second quarter. State Street Corp now owns 10,804,651 shares of the company's stock worth $5,502,917,000 after purchasing an additional 370,965 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 5.0% in the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company's stock worth $2,903,752,000 after purchasing an additional 273,922 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in shares of CrowdStrike by 54,635.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock worth $2,186,714,000 after purchasing an additional 4,285,640 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of CrowdStrike from $430.00 to $500.00 and gave the company a "hold" rating in a research note on Monday. Zacks Research raised shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Daiwa Capital Markets raised their target price on shares of CrowdStrike from $475.00 to $530.00 and gave the company an "outperform" rating in a research note on Wednesday. Oppenheimer reaffirmed an "outperform" rating and issued a $520.00 target price on shares of CrowdStrike in a research note on Thursday, August 28th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $510.00 target price (up from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $480.07.

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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