CrowdStrike (NASDAQ:CRWD) Issues Q3 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.80-0.81 for the period, compared to the consensus EPS estimate of $0.96. The company issued revenue guidance of $979.2-984.7 million, compared to the consensus revenue estimate of $1.01 billion. CrowdStrike also updated its FY25 guidance to $3.61-3.65 EPS.

CrowdStrike Trading Down 2.1 %

Shares of CRWD traded down $5.63 during midday trading on Wednesday, reaching $264.20. The company had a trading volume of 6,085,515 shares, compared to its average volume of 5,378,908. CrowdStrike has a 1-year low of $141.97 and a 1-year high of $398.33. The stock has a market cap of $64.30 billion, a PE ratio of 497.96, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The firm has a 50 day simple moving average of $311.05 and a 200-day simple moving average of $319.63. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Research analysts forecast that CrowdStrike will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. KeyCorp cut their price target on shares of CrowdStrike from $440.00 to $420.00 and set an overweight rating on the stock in a research note on Wednesday, July 17th. HSBC lowered shares of CrowdStrike from a buy rating to a hold rating and cut their target price for the stock from $388.00 to $302.00 in a research note on Tuesday, July 23rd. Sanford C. Bernstein cut their target price on shares of CrowdStrike from $381.00 to $315.00 and set an outperform rating on the stock in a research note on Monday, August 19th. Needham & Company LLC cut their target price on shares of CrowdStrike from $425.00 to $375.00 and set a buy rating on the stock in a research note on Tuesday, July 30th. Finally, Wedbush restated an outperform rating and set a $315.00 target price on shares of CrowdStrike in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $335.46.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,219 shares of company stock valued at $48,856,294. Corporate insiders own 4.34% of the company’s stock.

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.