Insider Sale: President and CEO George Kurtz Sells 56,279 Shares of CrowdStrike Holdings Inc (CRWD)

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On May 3, 2024, George Kurtz, President and Chief Executive Officer of CrowdStrike Holdings Inc (NASDAQ:CRWD), sold 56,279 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, over the past year, the insider has sold a total of 585,730 shares and has not purchased any shares.

CrowdStrike Holdings Inc (NASDAQ:CRWD) is a cybersecurity technology company that provides endpoint security, threat intelligence, and cyberattack response services. The company's cloud-delivered solutions aim to protect customers from cyberattacks on endpoints on or off the network by offering visibility and protection across the entire threat lifecycle.

Shares of CrowdStrike Holdings Inc were priced at $304.41 on the day of the sale, resulting in a market cap of approximately $76.87 billion. The price-earnings ratio of the company stands at 877.93, significantly above both the industry median of 27.405 and the historical median for the company.

The GF Value of the stock is estimated at $341.45, indicating a price-to-GF-Value ratio of 0.89. This suggests that the stock is Fairly Valued in relation to its intrinsic value, which is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.

Insider Sale: President and CEO George Kurtz Sells 56,279 Shares of CrowdStrike Holdings Inc (CRWD)
Insider Sale: President and CEO George Kurtz Sells 56,279 Shares of CrowdStrike Holdings Inc (CRWD)

Examining the insider transaction trends, there have been no insider purchases and 41 insider sales over the past year at CrowdStrike Holdings Inc.

Insider Sale: President and CEO George Kurtz Sells 56,279 Shares of CrowdStrike Holdings Inc (CRWD)
Insider Sale: President and CEO George Kurtz Sells 56,279 Shares of CrowdStrike Holdings Inc (CRWD)

This recent transaction by the insider aligns with the broader trend of insider sales at the company, reflecting a consistent pattern of stock disposals by insiders over the evaluated period.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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