CrowdStrike Stock (CRWD) Soars on CEO Share Sale

CrowdStrike (CRWD) stock soared on Monday after the IT company’s CEO sold $1.2 billion worth of CRWD shares. George Kurtz reduced his holdings in CRWD to just 2.5% after gifting shares of CRWD stock to unnamed recipients. It’s unclear why the CEO decided to sell the shares, or give them away.

Kurtz has been steadily reducing his stake in CrowdStrike over the last few years, including the latest share sale. This resulted in a 92% drop of voting power for the tech CEO compared to 2022. While CEOs selling shares to reduce power is common, it’s not often that one gives up so much power over a company so quickly.

How Are CRWD Shareholders Reacting to the News?

Investors in CrowdStrike appear pleased that the company’s CEO has sold shares. While that would typically cause concern as many traders view insider sales as a sign of weakness, that’s not the case today. This may be due to the unique way in which Kurtz sold his shares, as well as the sheer size of the sales and reduction of his power.

This has CRWD stock up 3.78% as of Monday afternoon. That builds on a strong start to 2025, with CrowdStrike shares up 24.55% year-to-date. Investors will also note that CRWD stock has increased 28.63% over the last 52 weeks.

Recent analyst coverage of CRWD stock includes a reiterated Buy rating and $460 price target from five-star RBC Capital analyst Matthew Hedberg. He highlighted an “overhang for the stock” that “reignites the bull/bear debate” following news of a government probe.

Is CRWD Stock a Buy, Hold, or Sell?

Turning to Wall Street, the analysts’ consensus rating for CrowdStrike is Strong Buy, based on 34 Buy and three Hold ratings over the past three months. With that comes an average CRWD stock price target of $423.27, representing a potential 0.74% downside for the shares.

See more CRWD stock analyst ratings