CrowdStrike (NASDAQ:CRWD) Issues Q3 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.80-0.81 for the period, compared to the consensus earnings per share 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 FY 2025 guidance to 3.610-3.650 EPS.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent analyst reports. Cantor Fitzgerald decreased their target price on shares of CrowdStrike from $400.00 to $350.00 and set an overweight rating on the stock in a report on Thursday. Jefferies Financial Group cut their target price on CrowdStrike from $400.00 to $300.00 and set a buy rating for the company in a research note on Wednesday, July 31st. Evercore ISI reduced their target price on CrowdStrike from $350.00 to $325.00 and set an outperform rating on the stock in a report on Tuesday, July 30th. BMO Capital Markets boosted their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an outperform rating in a report on Thursday. Finally, Oppenheimer decreased their target price on CrowdStrike from $450.00 to $365.00 and set an outperform rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of Moderate Buy and a consensus price target of $326.15.

CrowdStrike Stock Up 2.1 %

CrowdStrike stock opened at $277.28 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $303.94 and its two-hundred day moving average price is $318.50. The firm has a market capitalization of $67.48 billion, a price-to-earnings ratio of 523.17, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. CrowdStrike has a 1-year low of $145.38 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike will post 0.87 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,219 shares of company stock worth $48,856,294. Insiders own 4.34% of the company’s stock.

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.