Rep. Robert Bresnahan, Jr. Sells Off CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in CrowdStrike stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

CrowdStrike Stock Down 0.4 %

CRWD opened at $451.74 on Friday. The firm has a market cap of $111.27 billion, a P/E ratio of 885.78, a PEG ratio of 17.22 and a beta of 1.16. The business’s fifty day simple moving average is $374.98 and its 200 day simple moving average is $320.90. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $454.13. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of CrowdStrike from $315.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Royal Bank of Canada increased their price target on CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Bank of America lifted their price objective on CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Mizuho raised their price target on CrowdStrike from $385.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $376.00.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $349.34, for a total value of $2,183,375.00. Following the completion of the sale, the director now owns 809,266 shares in the company, valued at $282,708,984.44. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the transaction, the director now owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,565 shares of company stock valued at $49,235,849 over the last three months. Insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

A number of institutional investors have recently modified their holdings of CRWD. FSA Wealth Management LLC lifted its stake in CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC boosted its stake in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC grew its holdings in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock worth $246,000 after acquiring an additional 29 shares during the last quarter. Finally, Synergy Financial Group LTD raised its position in shares of CrowdStrike by 0.8% during the third quarter. Synergy Financial Group LTD now owns 3,950 shares of the company’s stock worth $1,108,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.