CrowdStrike (CRWD) to Release Earnings on Wednesday

CrowdStrike (NASDAQ:CRWD - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, August 28th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, analysts expect CrowdStrike to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $6.68 during midday trading on Wednesday, reaching $273.21. 5,238,666 shares of the company traded hands, compared to its average volume of 5,415,347. The company has a market cap of $66.49 billion, a price-to-earnings ratio of 511.25, a PEG ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a 50-day moving average price of $320.41 and a 200 day moving average price of $320.81. CrowdStrike has a 52 week low of $141.97 and a 52 week high of $398.33.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company's stock, valued at $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company's stock, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the business's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,856,294 in the last 90 days. 4.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Rosenblatt Securities cut their target price on CrowdStrike from $420.00 to $350.00 and set a "buy" rating for the company in a research report on Wednesday, July 24th. Royal Bank of Canada cut their price objective on CrowdStrike from $420.00 to $380.00 and set an "outperform" rating for the company in a report on Monday, July 22nd. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Tuesday, July 23rd. FBN Securities upgraded shares of CrowdStrike to a "strong-buy" rating in a research report on Wednesday, June 5th. Finally, DA Davidson lowered their price objective on shares of CrowdStrike from $380.00 to $290.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $337.58.

CrowdStrike Company Profile

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.