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 28th. Analysts expect the company to announce earnings of $0.74 per share for the quarter. CrowdStrike has set its Q3 guidance at $0.74 EPS and its FY24 guidance at $2.80-$2.84 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07. The firm had revenue of $731.63 million for the quarter, compared to the consensus estimate of $725.44 million. CrowdStrike had a negative net margin of 3.54% and a negative return on equity of 4.05%. On average, analysts expect CrowdStrike to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrowdStrike Stock Up 0.3 %

Shares of CRWD stock opened at $207.73 on Tuesday. The company has a market capitalization of $49.60 billion, a price-to-earnings ratio of -506.66, a PEG ratio of 17.92 and a beta of 0.93. CrowdStrike has a one year low of $92.25 and a one year high of $210.09. The company’s fifty day moving average price is $179.55 and its 200-day moving average price is $160.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.82 and a quick ratio of 1.82.

Insiders Place Their Bets

In other CrowdStrike news, CFO Burt W. Podbere sold 30,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $200.00, for a total value of $6,100,000.00. Following the completion of the transaction, the chief financial officer now owns 336,881 shares of the company’s stock, valued at $67,376,200. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Burt W. Podbere sold 30,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $200.00, for a total transaction of $6,100,000.00. Following the completion of the transaction, the chief financial officer now owns 336,881 shares of the company’s stock, valued at $67,376,200. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 8,996 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $168.03, for a total transaction of $1,511,597.88. Following the transaction, the insider now directly owns 206,232 shares of the company’s stock, valued at approximately $34,653,162.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,083 shares of company stock valued at $26,680,472. Insiders own 5.68% of the company’s stock.

Institutional Trading of CrowdStrike

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in CrowdStrike by 1.9% during the first quarter. BlackRock Inc. now owns 13,668,541 shares of the company’s stock valued at $1,876,144,000 after buying an additional 255,625 shares during the period. Vanguard Group Inc. grew its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 12,547,900 shares of the company’s stock valued at $2,849,377,000 after purchasing an additional 244,613 shares during the period. State Street Corp grew its position in shares of CrowdStrike by 3.0% in the first quarter. State Street Corp now owns 4,322,377 shares of the company’s stock valued at $593,280,000 after purchasing an additional 127,620 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of CrowdStrike by 62.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after purchasing an additional 1,440,905 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of CrowdStrike by 3.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,170,147 shares of the company’s stock valued at $333,785,000 after purchasing an additional 91,307 shares during the period. Institutional investors and hedge funds own 63.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CRWD shares. Jefferies Financial Group upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $170.00 to $225.00 in a research report on Thursday, October 19th. Stifel Nicolaus upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their price target for the company from $153.00 to $225.00 in a report on Monday, November 13th. Guggenheim reiterated a “buy” rating and issued a $162.00 price target on shares of CrowdStrike in a report on Wednesday, August 23rd. HSBC started coverage on shares of CrowdStrike in a report on Friday, September 15th. They issued a “buy” rating and a $200.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $185.00 price target on shares of CrowdStrike in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.