New York, Feb 5, 2026, 7:33 p.m. EST — After-hours
- In after-hours trading, CrowdStrike shares fell 9.2% from their previous close
- A Form 144 filing revealed a potential sale of 252,538 shares through J.P. Morgan
- The decline follows a slump in U.S. software stocks amid renewed worries over AI disruption
CrowdStrike Holdings’ stock tumbled late Thursday, falling another 9.2% to $377.16 in after-hours trading. This followed a steep decline during the regular session as investors pulled back from software stocks.
This shift is significant as the selloff has turned broad, hitting software and cybersecurity—sectors that had stayed resilient thanks to steady spending and recurring revenue.
U.S. software and data services stocks have fallen for seven straight days amid fears that rapidly evolving AI tools may erode pricing power and alter demand patterns. Investors are shifting into defensive sectors, steering clear of high-multiple growth names. (Reuters)
Adding to the selling pressure, a Form 144 filing revealed the PK Giving Trust, listed as an affiliate, could offload 252,538 CrowdStrike shares via J.P. Morgan Securities. The stake carries a market value near $104.9 million. (Streetinsider)
A Form 144 is filed when an affiliate intends to sell restricted or control securities. The filing can attract attention, even if no actual sales take place.
The filing came on the same day CrowdStrike revealed a memorandum of understanding with Saudi Arabia’s Aramco, marking an initial move to explore deeper collaboration on cybersecurity and “in-country cloud capabilities,” along with other initiatives. (CrowdStrike)
“We’re proud to collaborate with Aramco as Saudi Arabia accelerates its secure AI adoption,” CEO George Kurtz said in the statement.
Thursday’s action hinted that macro factors and positioning outweighed the news. Cybersecurity stocks like Palo Alto Networks slipped alongside the wider software sector’s decline. (MarketWatch)
Investors are now weighing if the stock’s drop signals a broader sector risk or points to company-specific issues, particularly as software trading volumes have surged this week.
The risk is clear-cut: a surge in insider-sale plans might cap rallies, while any hint that major clients are pulling back on budgets—or that AI is reshuffling spending priorities—could pressure growth forecasts once more.
All eyes are on CrowdStrike’s Q4 and full-year results, set for release March 3 after the U.S. market closes, along with guidance on demand and customer retention. (Barchart)
