Crowdstrike (NASDAQ:CRWD) Updates Q1 Earnings Guidance

Crowdstrike (NASDAQ:CRWD) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of ($0.07)-($0.06) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.08). The company issued revenue guidance of $164.3-$167.6 million, compared to the consensus revenue estimate of $149.14 million.Crowdstrike also updated its FY 2021
After-Hours guidance to -0.14–0.1 EPS.

A number of research analysts have recently weighed in on the stock. Piper Jaffray Companies assumed coverage on shares of Crowdstrike in a research note on Tuesday, December 10th. They set an overweight rating and a $70.00 price objective for the company. DA Davidson raised Crowdstrike from a neutral rating to a buy rating and upped their target price for the company from $58.00 to $75.00 in a research note on Tuesday, February 11th. Bank of America reduced their target price on Crowdstrike from $103.00 to $86.00 and set a buy rating on the stock in a research note on Friday, December 6th. Credit Suisse Group increased their target price on Crowdstrike from $60.00 to $75.00 and gave the company a neutral rating in a report on Friday, December 6th. Finally, Jefferies Financial Group dropped their price target on Crowdstrike from $67.00 to $61.00 and set a hold rating for the company in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $76.74.

Shares of CRWD stock traded up $3.11 during mid-day trading on Thursday, hitting $41.74. 7,328,768 shares of the company’s stock were exchanged, compared to its average volume of 5,693,394. Crowdstrike has a fifty-two week low of $31.95 and a fifty-two week high of $101.88. The stock has a 50-day simple moving average of $56.69 and a two-hundred day simple moving average of $57.00.

In related news, CFO Burt W. Podbere sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $65.41, for a total value of $3,924,600.00. Following the completion of the sale, the chief financial officer now directly owns 67,698 shares in the company, valued at $4,428,126.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 2,344 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $53.50, for a total transaction of $125,404.00. 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 quarter.

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Earnings History and Estimates for Crowdstrike (NASDAQ:CRWD)

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