This cluster is too small relative to market cap to generate a directional signal. CEO/CFO/Director selling in tiny amounts ($16K-$1.48M) is not unusual for a $213.7B company — it's likely liquidity or tax strategy. The historical calibration warns that even neutral reads have slight negative alpha at T+20 on this stock. No action needed; the stock price movement will be driven by business fundamentals, not these routine insider sales.
Price Chart
Executive Summary
CEO George Kurtz and a director collectively sold approximately $1.54M of CRWD stock over a 3-day window, with the CFO also selling $1.48M. At a $213.7B market cap, the total cluster value of ~$3M represents less than 0.002% of market cap, making this a routine, non-informational liquidity event. The historical model shows past neutral reads were correct on several calls but recent negative alpha at T+20 suggests lowering impact for directionless filing clusters.
Key Financial Metrics
Key Facts
- CEO Kurtz sold 20,000 shares across 2 days for $2.17M total (previously shown details from cross-filing context)
- Director Sameer K. Gandhi sold 13,566 shares over 2 days for ~$2.85M (cross-filing context + document 1)
- CFO Podbere sold 7,600 shares on 2026-08-03 for ~$1.48M
- Total insider sales cluster is ~$6.5M, which is approximately 0.003% of $213.7B market cap
- All sales are open-market (code S), no derivative exercise or 10b5-1 pattern detected in this short window
- Model's historical calibration: this filing_type score=2 has 33% win rate at T+20 with mean conditional loss of -4.10% vs win +6.53% — net alpha near zero after costs
- Score calibration confirms: score=2 is the correct impact level for this filing_type cluster; cross-filing amplifiers do not apply because no actual negative context (restatement, late filing, agreement) is present
Financial Impact
All sales are open-market totaling ~$6.5M, which is <0.003% of market cap — economically insignificant
Risk Factors
- No evidence this cluster is informational — all transactions are small relative to market cap and likely part of pre-authorized plans
- If upcoming earnings (2.02) produce a negative surprise, casual observers may wrongly link this cluster as a precursor
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRWD-1786062641135 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 15d ago | 144 | $241.36 $262.49 | ▲ +8.75% | ▲ +6.93% | $266.09 (+10.25%) |
Sep 16, 2026 16d ago | Insider Cluster | $241.36 $262.49 | ▼ −8.75% | ▼ −6.93% | $266.09 (−10.25%) |
Sep 11, 2026 20d ago | S-3ASR | $235.38 $249.35 | ▲ +5.94% | ▲ +4.28% | $266.09 (+13.05%) |
Sep 10, 2026 22d ago | Insider Cluster | $208.86 $245.70 | ▲ +17.64% | ▲ +18.14% | $266.09 (+27.40%) |
Sep 5, 2026 27d ago | Insider Cluster | $210.02 $242.49 | ▲ +15.46% | ▲ +16.58% | $266.09 (+26.70%) |
Sep 3, 2026 29d ago | Insider Cluster | $214.97 $206.74 | ▼ −3.83% | ▼ −2.68% | $266.09 (+23.78%) |
Aug 13, 2026 7w ago | Insider Cluster | $225.53 $190.34 | ▼ −15.60% | ▼ −13.64% | $266.09 (+17.98%) |
Aug 12, 2026 7w ago | Institutional Cluster | $221.78 $201.63 | ▼ −9.09% | ▼ −8.64% | $266.09 (+19.98%) |
Aug 11, 2026 7w ago | Insider Cluster | $221.90 $212.92 | ▼ −4.05% | ▼ −3.64% | $266.09 (+19.91%) |
Aug 7, 2026 8w ago | Insider Cluster | $214.42 $216.95 | ▲ +1.18% | ▲ +0.78% | $266.09 (+24.10%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access