Movement Alert|CrowdStrike Holdings, Inc. Falls 3.13% in Regular Trading, Heavy Insider Selling and Bearish Analyst Target Weigh on Shares After Record Highs

Market Focus
Sep 18

On September 18, CrowdStrike Holdings, Inc. fell 3.13% in regular trading, trading at $238.10/share with turnover of $678 million, extending a pullback after the stock surged nearly 14% to all-time highs earlier in the week.

The decline was driven by a wave of insider selling and a notably bearish analyst signal. Director Gerhard Watzinger completed the sale of approximately 119,000 shares on September 16 via a 10b5-1 plan at prices ranging from $235.79 to $241.47. Director Roxanne Austin previously exercised options and sold 50,000 shares for roughly $11.88 million, while CEO George Kurtz has cumulatively sold nearly 60,000 shares in recent weeks, netting over $13 million. The concentrated insider disposals intensified profit-taking sentiment.

Meanwhile, Bernstein raised its target price to $132 from $119 but maintained a Market Perform rating — the target represents only about 55% of the current share price, well below the Street consensus of $238.84, sending a clearly cautious signal. Partially offsetting the pressure, Stephens raised its target to $280 from $260, maintaining an Overweight rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10