CrowdStrike (NASDAQ:CRWD) Releases Q4 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.84-0.86 for the period, compared to the consensus EPS estimate of $0.86. The company issued revenue guidance of $1.0287-1.0354 billion, compared to the consensus revenue estimate of $1.03 billion.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group lowered their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft cut their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Scotiabank decreased their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. TD Cowen cut their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Raymond James reduced their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Stock Up 0.2 %

CrowdStrike stock traded up $0.62 on Tuesday, hitting $364.30. 6,230,868 shares of the stock traded hands, compared to its average volume of 4,979,766. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The firm has a market cap of $89.30 billion, a P/E ratio of 528.07, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $309.95 and its 200 day simple moving average is $312.22.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, sell-side analysts forecast that CrowdStrike will post 0.49 earnings per share for the current year.

Insider Activity

In other 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 transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

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.