Michael Sentonas Sells 20,000 Shares of CrowdStrike (NASDAQ:CRWD) Stock

Key Points

• Michael Sentonas, President of CrowdStrike, sold 20,000 shares at an average price of $500, reducing his holding by 5.01% and bringing his total ownership to 379,116 shares valued at approximately $189.5 million.
• Following the sale, CrowdStrike's stock price decreased by 1.4%, trading at $489.88, with a market cap of around $122.94 billion.
• CrowdStrike's recent earnings report showed a quarterly revenue of $1.17 billion, exceeding estimates, with positive growth of 21.4% year-over-year.

CrowdStrike (NASDAQ:CRWD - Get Free Report) President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the transaction, the president owned 379,116 shares in the company, valued at $189,558,000. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction of $5,730,672.09.

CrowdStrike Stock Down 1.4%

Shares of NASDAQ:CRWD traded down $6.92 during midday trading on Friday, hitting $489.88. 1,982,021 shares of the company's stock traded hands, compared to its average volume of 3,233,042. 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 cap of $122.94 billion, a PE ratio of -411.66, a P/E/G ratio of 116.74 and a beta of 1.19. The firm's fifty day moving average price is $445.78 and its two-hundred day moving average price is $438.69. CrowdStrike has a twelve month low of $283.80 and a twelve month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The business's quarterly revenue 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. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JMP Securities boosted their price objective on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a "market outperform" rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a "sell (d)" rating on shares of CrowdStrike in a report on Saturday, September 27th. Barclays upped their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. DZ Bank lowered shares of CrowdStrike from a "hold" rating to a "sell" rating and set a $440.00 target price on the stock. in a research note on Wednesday, September 24th. Finally, Stifel Nicolaus upped their target price on shares of CrowdStrike from $495.00 to $515.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $487.11.

Hedge Funds Weigh In On CrowdStrike

Several hedge funds and other institutional investors have recently made changes to their positions in CRWD. Laurel Wealth Advisors LLC boosted its position in shares of CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company's stock worth $2,186,714,000 after buying an additional 4,285,640 shares during the period. Norges Bank acquired a new position in shares of CrowdStrike during the second quarter worth approximately $1,638,365,000. Nuveen LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $595,766,000. Jennison Associates LLC boosted 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 valued at $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. Finally, Vestor Capital LLC boosted its holdings in shares of CrowdStrike by 269,840.3% in the second 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. 71.16% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.