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 Down 2.2 %

CrowdStrike stock opened at $336.75 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33. The company has a market cap of $82.55 billion, a PE ratio of 488.04, a PEG ratio of 23.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The business’s 50-day simple moving average is $297.79 and its two-hundred day simple moving average is $310.13.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Cowen decreased their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Citigroup cut their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. DA Davidson restated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. Robert W. Baird decreased their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Hedge Funds Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the stock. Beacon Financial Advisory LLC acquired a new position in CrowdStrike during the third quarter worth $955,000. Burney Co. purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $1,342,000. Doliver Advisors LP lifted its stake in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after acquiring an additional 2,863 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last three months. Company insiders own 4.34% 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.