What happens to stocks if AI loses momentum?
AUSTIN, Texas—Sameer Gandhi, a director at CrowdStrike Holdings, Inc. (NASDAQ:CRWD), recently sold a significant portion of his holdings in the cybersecurity company. According to a recent filing with the Securities and Exchange Commission, Gandhi sold Class A common stock amounting to approximately $2.58 million. The sale comes as CrowdStrike, now valued at over $103 billion, trades near its 52-week high of $421.62. InvestingPro analysis suggests the stock is currently trading above its Fair Value.
The sales occurred on February 5, 2025, and involved multiple transactions at prices ranging from $405.87 to $418.53 per share. These transactions were executed under a 10b5-1 plan, which Gandhi adopted on June 26, 2024. Following these sales, Gandhi holds 805,792 shares through Potomac Investments L.P. - Fund 1. The stock has shown remarkable momentum, gaining 81.5% over the past six months and 22.9% year-to-date.
CrowdStrike Holdings, a leader in cloud-delivered endpoint and workload protection, continues to be a key player in the cybersecurity sector. The company is based in Austin, Texas, and operates under the NASDAQ ticker symbol CRWD. With a "GOOD" financial health rating from InvestingPro, the company is scheduled to report its next earnings on March 11, 2025. Investors can access detailed analysis and 15 additional ProTips through InvestingPro’s comprehensive research report.
In other recent news, CrowdStrike Holdings has been the subject of multiple analyst updates. Baird analysts downgraded the company’s stock from Outperform to Neutral, despite raising the price target from $390.00 to $430.00, citing concerns about the company’s current market valuation. Meanwhile, JMP Securities maintained a Market Outperform rating on CrowdStrike with a steady price target of $400.00, highlighting robust internal sales performance. Truist Securities also increased its price target for CrowdStrike to $385 from $375, reaffirming a Buy rating, following the company’s recovery from a global IT outage. RBC Capital Markets analyst raised the price target on CrowdStrike to $420 from $365, maintaining an Outperform rating.
Additionally, CrowdStrike’s Falcon platform achieved a perfect score in the 2024 SE Labs Enterprise Advanced Security Ransomware Test, successfully detecting and protecting against all tested ransomware threats. The platform’s comprehensive visibility and protection throughout the entire attack lifecycle were praised, along with its AI-driven detection and response capabilities.
These are recent developments in the company’s performance and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.