CrowdStrike (CRWD) Set to Announce Quarterly Earnings on Tuesday

CrowdStrike (NASDAQ:CRWD) is scheduled to announce its earnings results after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Parties interested in participating in 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 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 company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts expect CrowdStrike to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrowdStrike Trading Up 4.1 %

Shares of CRWD opened at $372.26 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $398.33. The company has a 50 day simple moving average of $308.04 and a two-hundred day simple moving average of $311.91. The firm has a market cap of $91.25 billion, a P/E ratio of 539.51, a price-to-earnings-growth ratio of 25.88 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI lowered their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Needham & Company LLC began coverage on CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price on the stock. Jefferies Financial Group boosted their price target on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group decreased their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Truist Financial boosted their price target on CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.62.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This represents a 3.22 % 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 in the last 90 days. 4.34% of the stock is owned by company insiders.

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.