CrowdStrike (NASDAQ:CRWD) Stock Unloaded Rep. Greg Landsman

Representative Greg Landsman (D-Ohio) recently sold shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD). In a filing disclosed on November 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in CrowdStrike stock on October 15th. The trade occurred in the Representative’s “SARAH LANDSMAN TRADITIONAL IRA” account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Pfizer (NYSE:PFE) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Phillips 66 (NYSE:PSX) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Diamondback Energy (NASDAQ:FANG) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of Linde (NASDAQ:LIN) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Exxon Mobil (NYSE:XOM) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/15/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 9/10/2024.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $336.75 on Friday. The business’s 50 day simple moving average is $295.99 and its 200 day simple moving average is $309.90. CrowdStrike Holdings, Inc. has a one year low of $198.86 and a one year high of $398.33. The stock has a market capitalization of $82.55 billion, a PE ratio of 487.16, a PEG ratio of 23.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now directly owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRWD. Morgan Stanley restated an “overweight” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Sanford C. Bernstein dropped their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company reduced their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Royal Bank of Canada decreased their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently modified their holdings of CRWD. Quent Capital LLC grew its stake in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after buying an additional 88 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in CrowdStrike by 82.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,994 shares of the company’s stock valued at $639,000 after buying an additional 904 shares in the last quarter. TBH Global Asset Management LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at $435,000. Kingsview Wealth Management LLC grew its position in shares of CrowdStrike by 2.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,731 shares of the company’s stock valued at $2,158,000 after purchasing an additional 169 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of CrowdStrike during the 1st quarter valued at $4,140,000. Institutional investors own 71.16% of the company’s stock.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio’s 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio’s 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor’s Office of Faith-Based and Community Initiatives.

About CrowdStrike

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.