Crowdstrike (NASDAQ:CRWD) Updates FY21 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) issued an update on its FY21 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.14)-($0.16) for the period, compared to the Thomson Reuters consensus estimate of ($0.18). The company issued revenue guidance of $723.3-$733.5 million, compared to the consensus revenue estimate of $679.62 million.Crowdstrike also updated its FY 2021
After-Hours guidance to -0.14–0.1 EPS.

Crowdstrike stock traded up $3.11 during trading hours on Thursday, reaching $41.74. 7,328,768 shares of the company’s stock were exchanged, compared to its average volume of 5,693,394. The firm’s 50 day simple moving average is $56.69 and its 200 day simple moving average is $57.00. Crowdstrike has a twelve month low of $31.95 and a twelve month high of $101.88.

CRWD has been the topic of several research analyst reports. Jefferies Financial Group cut their target price on Crowdstrike from $67.00 to $61.00 and set a hold rating on the stock in a research report on Friday, December 6th. BidaskClub downgraded Crowdstrike from a hold rating to a sell rating in a report on Thursday, March 12th. Mizuho lifted their target price on Crowdstrike from $77.00 to $85.00 and gave the stock a buy rating in a report on Thursday, February 13th. Zacks Investment Research raised Crowdstrike from a hold rating to a buy rating and set a $44.00 price target on the stock in a research note on Monday. Finally, DA Davidson upgraded Crowdstrike from a neutral rating to a buy rating and increased their price target for the stock from $58.00 to $75.00 in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $76.74.

In related news, Director Pincus Private Equity Warburg sold 4,845,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $53.00, for a total value of $256,785,000.00. Following the sale, the director now owns 4,845,000 shares in the company, valued at approximately $256,785,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph E. Sexton sold 12,500 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $46.77, for a total transaction of $584,625.00. Following the completion of the sale, the director now owns 12,500 shares in the company, valued at approximately $584,625. The disclosure for this sale can be found here. Insiders have sold 5,486,719 shares of company stock worth $293,394,475 over the last ninety days.

Read More: What is Cost of Goods Sold (COGS)?

Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

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