CrowdStrike (NASDAQ:CRWD) Releases Q4 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.84-0.86 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Barclays raised their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Sanford C. Bernstein reduced their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Argus reduced their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have assigned 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 $339.08.

CrowdStrike Stock Performance

CRWD stock traded up $0.62 during trading on Tuesday, hitting $364.30. 6,360,358 shares of the company’s stock traded hands, compared to its average volume of 4,979,766. The stock has a fifty day moving average price of $309.95 and a two-hundred day moving average price of $312.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $398.33. The stock has a market capitalization of $89.30 billion, a price-to-earnings ratio of 528.07, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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 firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, equities analysts anticipate that CrowdStrike will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 11,178 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total value of $3,325,119.66. Following the sale, the chief financial officer now directly owns 286,472 shares in the company, valued at $85,216,825.84. This trade represents a 3.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

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.