Mon Nov 18 12:20:00 UTC 2024: **Ohio Congressman Landsman Discloses CrowdStrike Stock Sale**
CINCINNATI, OH – Representative Greg Landsman (D-Ohio) recently disclosed the sale of a small amount of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock from his IRA account. The filing, made on November 14th, revealed a sale between $1,001 and $15,000 worth of shares on October 15th.
The news comes amidst a period of mixed signals for CrowdStrike. While the company exceeded analysts’ expectations with its recent earnings report, posting $1.04 EPS (compared to the anticipated $0.97) and $963.87 million in revenue, the stock price has fluctuated. On Friday, CRWD closed down $7.61 at $336.75.
Analyst sentiment on CrowdStrike is also varied. While several firms, including KeyCorp and HSBC, have recently raised their price targets and ratings, others, such as Guggenheim and Oppenheimer, have lowered theirs. MarketBeat currently gives CrowdStrike a “Moderate Buy” rating with an average price target of $328.74.
This trade by Rep. Landsman is one of several recent insider transactions at CrowdStrike. The company’s CAO and President also recently sold shares. Institutional investors currently hold 71.16% of CrowdStrike stock. Despite the recent insider sales, several major investment firms, including Vanguard Group Inc., State Street Corp, and Jennison Associates LLC have increased their holdings in the company.
Rep. Landsman, who represents Ohio’s 1st Congressional District and serves on Cincinnati City Council, is currently running for re-election. He holds degrees from Ohio University and Harvard University and has a background in public policy and community initiatives.
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