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

NASDAQ:CRWD opened at $336.75 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $198.86 and a 12-month high of $398.33. The firm has a market capitalization of $82.55 billion, a PE ratio of 488.04, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10. The firm has a 50-day moving average price of $297.79 and a 200 day moving average price of $310.13. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Needham & Company LLC started coverage on CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price objective on the stock. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $328.74.

Hedge Funds Weigh In On CrowdStrike

A number of large investors have recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC grew its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the third quarter worth $32,000. 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.