CrowdStrike (NASDAQ:CRWD) Updates FY25 Earnings Guidance

CrowdStrike (NASDAQ:CRWD) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.61-3.65 for the period, compared to the consensus estimate of $3.90. The company issued revenue guidance of $3.890-3.902 billion, compared to the consensus revenue estimate of $3.95 billion. CrowdStrike also updated its Q3 guidance to $0.80-0.81 EPS.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CRWD shares. Jefferies Financial Group lowered their price target on shares of CrowdStrike from $400.00 to $300.00 and set a buy rating on the stock in a report on Wednesday, July 31st. Truist Financial reaffirmed a buy rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday. Citigroup decreased their price target on CrowdStrike from $345.00 to $300.00 and set a buy rating on the stock in a report on Wednesday, August 14th. FBN Securities raised CrowdStrike to a strong-buy rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada cut their target price on CrowdStrike from $420.00 to $380.00 and set an outperform rating for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $335.46.

CrowdStrike Stock Down 2.1 %

Shares of CRWD traded down $5.63 during midday trading on Wednesday, hitting $264.20. 6,085,515 shares of the company’s stock traded hands, 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 firm’s fifty day moving average is $311.05 and its 200-day moving average is $319.63. 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 stock has a market capitalization of $64.30 billion, a price-to-earnings ratio of 497.96, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. As a group, sell-side analysts anticipate that CrowdStrike will post 0.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is owned by company 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.