CrowdStrike (CRWD) Set to Announce Earnings on Tuesday

CrowdStrike (NASDAQ:CRWD) will post its quarterly earnings results after the market closes on Tuesday, November 26th. Analysts expect CrowdStrike to post earnings of $0.82 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, analysts expect CrowdStrike to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $372.26 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $91.25 billion, a price-to-earnings ratio of 539.51, a price-to-earnings-growth ratio of 25.88 and a beta of 1.10. The stock’s 50-day moving average is $308.04 and its 200-day moving average is $311.89. CrowdStrike has a one year low of $200.81 and a one year high of $398.33.

Analysts Set New Price Targets

A number of research firms have weighed in on CRWD. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Raymond James lowered their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Royal Bank of Canada reduced their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $335.62.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Company Profile

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.