CrowdStrike (CRWD) Expected to Announce Earnings on Tuesday

CrowdStrike (NASDAQ:CRWD) is anticipated to post its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect CrowdStrike to post earnings of $0.85 per share and revenue of $1.03 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $391.72 on Tuesday. The stock has a market cap of $96.48 billion, a price-to-earnings ratio of 768.09, a PEG ratio of 17.86 and a beta of 1.16. The firm’s 50-day moving average is $384.83 and its 200 day moving average is $332.12. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $455.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of CrowdStrike from $365.00 to $420.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. The Goldman Sachs Group boosted their target price on CrowdStrike from $372.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 24th. BMO Capital Markets boosted their target price on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC boosted their target price on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $383.08.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,863 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.46, for a total transaction of $667,810.98. Following the completion of the transaction, the chief accounting officer now directly owns 41,059 shares in the company, valued at approximately $14,718,009.14. This represents a 4.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $450.67, for a total value of $1,802,680.00. Following the transaction, the insider now owns 94,214 shares of the company’s stock, valued at $42,459,423.38. This represents a 4.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,565 shares of company stock worth $51,038,529 in the last three months. 4.34% of the stock is owned by company 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.