CrowdStrike (CRWD) to Release Quarterly Earnings on Tuesday

CrowdStrike (NASDAQ:CRWD - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. On average, analysts expect CrowdStrike to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrowdStrike Stock Up 3.0 %

Shares of CRWD traded up $10.32 during trading hours on Tuesday, reaching $353.29. The company's stock had a trading volume of 2,848,037 shares, compared to its average volume of 5,002,610. The company has a 50 day moving average of $299.72 and a two-hundred day moving average of $310.63. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $86.60 billion, a price-to-earnings ratio of 501.32, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $398.33.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group decreased their target price on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. JMP Securities reissued a "market outperform" rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. Raymond James cut their price objective on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. Hsbc Global Res upgraded shares of CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $331.90.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last three months. 4.34% of the stock is currently owned by corporate 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.