CrowdStrike (NASDAQ:CRWD) Issues Earnings Results, Beats Expectations By $0.08 EPS

CrowdStrike (NASDAQ:CRWDGet Rating) posted its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08, MarketWatch Earnings reports. The business had revenue of $487.83 million for the quarter, compared to analysts’ expectations of $464.35 million. CrowdStrike had a negative net margin of 16.17% and a negative return on equity of 15.87%. The firm’s revenue for the quarter was up 61.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share.

Shares of CrowdStrike stock traded up $12.57 during midday trading on Thursday, hitting $174.02. 8,413,116 shares of the company traded hands, compared to its average volume of 5,089,396. The stock has a market cap of $40.16 billion, a price-to-earnings ratio of -168.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.83 and a current ratio of 1.83. The firm’s fifty day moving average price is $191.58 and its 200-day moving average price is $194.23. CrowdStrike has a 12 month low of $130.00 and a 12 month high of $298.48.

In related news, CFO Burt W. Podbere sold 13,282 shares of CrowdStrike stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $200.42, for a total transaction of $2,661,978.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, April 12th. The stock was sold at an average price of $235.09, for a total transaction of $2,350,900.00. Following the sale, the chief financial officer now owns 321,215 shares in the company, valued at $75,514,434.35. The disclosure for this sale can be found here. Insiders have sold a total of 170,458 shares of company stock worth $35,634,355 over the last ninety days. 6.82% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC boosted its stake in shares of CrowdStrike by 30.3% in the 4th quarter. Penserra Capital Management LLC now owns 899 shares of the company’s stock valued at $184,000 after purchasing an additional 209 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at $223,000. Sequoia Financial Advisors LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at $287,000. Eudaimonia Partners LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at $330,000. Finally, GM Advisory Group Inc. boosted its stake in shares of CrowdStrike by 18.4% in the 1st quarter. GM Advisory Group Inc. now owns 1,522 shares of the company’s stock valued at $346,000 after purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 63.02% of the company’s stock.

CRWD has been the topic of several research analyst reports. DA Davidson decreased their price objective on shares of CrowdStrike from $265.00 to $250.00 in a research note on Thursday, March 10th. JPMorgan Chase & Co. upped their price objective on shares of CrowdStrike from $255.00 to $288.00 in a research note on Thursday, March 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of CrowdStrike from $240.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. JMP Securities reaffirmed a “buy” rating and set a $275.00 price objective on shares of CrowdStrike in a research note on Monday, April 11th. Finally, Stifel Nicolaus decreased their price objective on shares of CrowdStrike from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Monday, March 7th. One research analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $254.46.

CrowdStrike Company Profile (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 for CrowdStrike (NASDAQ:CRWD)

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