Q1 2023 Earnings Estimate for CrowdStrike Holdings, Inc. Issued By Jefferies Financial Group (NASDAQ:CRWD)

CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) – Equities research analysts at Jefferies Financial Group issued their Q1 2023 earnings estimates for shares of CrowdStrike in a report released on Monday, April 18th. Jefferies Financial Group analyst J. Gallo anticipates that the company will post earnings per share of ($0.20) for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $275.00 target price on the stock. Jefferies Financial Group also issued estimates for CrowdStrike’s Q2 2023 earnings at ($0.22) EPS, Q3 2023 earnings at ($0.24) EPS, Q4 2023 earnings at ($0.24) EPS, FY2023 earnings at ($0.90) EPS and FY2024 earnings at ($0.64) EPS.

Several other equities research analysts have also recently issued reports on the company. UBS Group cut their target price on CrowdStrike from $310.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, March 10th. DA Davidson dropped their price objective on CrowdStrike from $265.00 to $250.00 in a research note on Thursday, March 10th. Piper Sandler lowered their target price on CrowdStrike from $300.00 to $250.00 in a research note on Thursday, January 6th. Morgan Stanley raised CrowdStrike from an “underweight” rating to an “equal weight” rating in a research note on Thursday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on CrowdStrike from $240.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, April 8th. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $267.41.

NASDAQ CRWD opened at $228.66 on Wednesday. CrowdStrike has a 1-year low of $150.02 and a 1-year high of $298.48. The company has a market cap of $52.77 billion, a PE ratio of -222.00 and a beta of 1.40. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.83 and a quick ratio of 1.83. The stock’s 50 day simple moving average is $200.96 and its 200-day simple moving average is $215.49.

CrowdStrike (NASDAQ:CRWDGet Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.06. The company had revenue of $431.01 million for the quarter, compared to analyst estimates of $412.38 million. CrowdStrike had a negative return on equity of 15.87% and a negative net margin of 16.17%. CrowdStrike’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at approximately $25,000. Institutional & Family Asset Management LLC acquired a new position in CrowdStrike in the third quarter worth approximately $25,000. Wealth Quarterback LLC grew its position in CrowdStrike by 78.6% in the third quarter. Wealth Quarterback LLC now owns 125 shares of the company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Psagot Value Holdings Ltd. Israel acquired a new position in CrowdStrike in the fourth quarter worth approximately $27,000. Finally, Massmutual Trust Co. FSB ADV grew its position in CrowdStrike by 159.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 135 shares of the company’s stock worth $28,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 63.85% of the company’s stock.

In related news, insider Shawn Henry sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $203.04, for a total transaction of $4,060,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO George Kurtz sold 75,801 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $200.92, for a total transaction of $15,229,936.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,619 shares of company stock worth $30,882,647. Corporate insiders own 8.64% of the company’s stock.

About CrowdStrike (Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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Earnings History and Estimates for CrowdStrike (NASDAQ:CRWD)

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