Intel stock extends gains after report of possible U.S. government stake
Gerhard Watzinger, a director at CrowdStrike Holdings, Inc. (NASDAQ:CRWD), has sold 10,000 shares of Class A common stock, according to a recent SEC filing. The cybersecurity giant, currently valued at $117 billion, has seen its stock surge 35% over the past six months. The shares were sold at a price of $469 each, amounting to a total transaction value of $4.69 million. Following this transaction, Watzinger holds 39,500 shares indirectly through Clavius AP, LLC. The sale was conducted under a 10b5-1 trading plan adopted on December 6, 2024. With the stock trading near its 52-week high of $474.23, InvestingPro analysis suggests the company is currently trading above its Fair Value, despite maintaining a "GOOD" overall financial health rating.
In other recent news, CrowdStrike Holdings Inc. has caught the attention of investors with several developments. The company is set to release its first-quarter fiscal year 2026 earnings, with expectations to meet or exceed previous guidance. S&P Global Ratings has revised its outlook for CrowdStrike to positive, affirming its ’BB+’ rating due to strong operating performance and revenue growth. Analysts from Stifel and KeyBanc have raised their price targets for CrowdStrike to $480 and $495, respectively, citing confidence in the company’s growth and strategic initiatives.
In a notable leadership change, CrowdStrike appointed Brad Burns as Chief Communications Officer, bringing experience from Snowflake (NYSE:SNOW) and Salesforce (NYSE:CRM). However, the company is under regulatory scrutiny as U.S. prosecutors and regulators investigate a $32 million transaction with Carahsoft Technology Corp. The investigation concerns a deal involving cybersecurity software for the IRS, which did not purchase or receive the products. Despite this, Carahsoft stands by the transaction, and the investigation’s outcome remains uncertain.
These developments highlight CrowdStrike’s ongoing growth and challenges as it navigates the competitive cybersecurity landscape. Investors are closely watching the company’s strategic moves and regulatory issues, seeking clarity on potential impacts on financials and reputation.
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