CrowdStrike (NASDAQ:CRWD) President Sells $5,150,000.00 in Stock

Key Points

• CrowdStrike President Michael Sentonas sold 10,000 shares for a total of $5.15 million on October 10, decreasing his ownership by 2.75%.
• The company recently reported earnings of $0.93 EPS, surpassing expectations, with revenue of $1.17 billion, a year-over-year increase of 21.4%.
• Several analysts have changed their ratings, with Truist Financial raising their price target to $550 while the average price target now stands at $493.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) President Michael Sentonas sold 10,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $515.00, for a total value of $5,150,000.00. Following the completion of the transaction, the president owned 354,116 shares of the company's stock, valued at $182,369,740. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Michael Sentonas also recently made the following trade(s):

• On Wednesday, October 8th, Michael Sentonas sold 15,000 shares of CrowdStrike stock. The shares were sold at an average price of $505.00, for a total value of $7,575,000.00.
• On Wednesday, October 1st, Michael Sentonas sold 20,000 shares of CrowdStrike stock. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00.
• On Monday, September 22nd, Michael Sentonas sold 11,561 shares of CrowdStrike stock. The shares were sold at an average price of $495.69, for a total value of $5,730,672.09.

CrowdStrike Price Performance

Shares of CRWD traded down $15.47 during trading hours on Friday, reaching $493.66. The stock had a trading volume of 3,131,689 shares, compared to its average volume of 3,286,991. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98. The stock has a market capitalization of $123.89 billion, a PE ratio of -414.84, a PEG ratio of 119.64 and a beta of 1.19. 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's 50-day moving average is $450.04 and its two-hundred day moving average is $443.90.

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

Hedge Funds Weigh In On CrowdStrike

Several large investors have recently added to or reduced their stakes in CRWD. Laurel Wealth Advisors LLC lifted its position 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. Norges Bank bought a new position in CrowdStrike in the 2nd quarter valued at about $1,638,365,000. Nuveen LLC bought a new position in CrowdStrike in the 1st quarter valued at about $595,766,000. Jennison Associates LLC lifted its position in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. Finally, Vestor Capital LLC lifted its position in CrowdStrike by 269,840.3% in the 2nd quarter. Vestor Capital LLC now owns 977,184 shares of the company's stock valued at $497,690,000 after acquiring an additional 976,822 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial raised their target price on CrowdStrike from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft increased their price target on CrowdStrike from $430.00 to $435.00 and gave the stock a "hold" rating in a report on Thursday, September 18th. Weiss Ratings reiterated a "sell (d)" rating on shares of CrowdStrike in a report on Wednesday. DZ Bank downgraded CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 price target for the company. in a report on Wednesday, September 24th. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $493.33.

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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