CrowdStrike (NASDAQ:CRWD – Get 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.
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.
- Get a free copy of the StockNews.com research report on CrowdStrike (CRWD)
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