CrowdStrike (NASDAQ:CRWD) Posts Earnings Results

CrowdStrike (NASDAQ:CRWD) released its quarterly earnings data on Wednesday. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07, Briefing.com reports. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis.

CrowdStrike Stock Performance

CrowdStrike stock opened at $277.28 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike has a 12 month low of $145.38 and a 12 month high of $398.33. The company has a fifty day moving average price of $303.94 and a two-hundred day moving average price of $318.50. The company has a market cap of $67.48 billion, a PE ratio of 523.17, a P/E/G ratio of 11.79 and a beta of 1.10.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

Institutional Investors Weigh In On CrowdStrike

Large investors have recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter worth approximately $25,000. Hexagon Capital Partners LLC bought a new position in shares of CrowdStrike in the fourth quarter worth $26,000. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the first quarter worth $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter valued at about $30,000. Finally, Johnson Financial Group Inc. acquired a new stake in CrowdStrike in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research reports. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Needham & Company LLC cut their price target on shares of CrowdStrike from $375.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity Group decreased their price objective on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday. 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. Finally, BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.15.

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.