CrowdStrike (NASDAQ:CRWD) Shares Up 3.2% Following Earnings Beat

Key Points

• CrowdStrike's shares rose 3.2% after the company reported earnings of $0.93 EPS, exceeding expectations by $0.10.
• The company also achieved revenue of $1.17 billion, up 21.4% year over year, surpassing analyst estimates of $1.15 billion.
• Analyst ratings remain optimistic, with a consensus target price of $457.66 and 26 analysts rating it as a "Buy."

CrowdStrike (NASDAQ:CRWD - Get Free Report)'s share price shot up 3.2% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $434.95 and last traded at $435.95. 4,941,814 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 3,693,244 shares. The stock had previously closed at $422.61.

The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%.The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the firm earned $1.04 EPS. CrowdStrike's quarterly revenue was up 21.4% compared to the same quarter last year. CrowdStrike has set its FY 2026 guidance at 3.600-3.72 EPS. Q3 2026 guidance at 0.930-0.95 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRWD shares. Raymond James Financial reiterated an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Susquehanna boosted their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. DZ Bank downgraded CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research report on Thursday, May 22nd. Mizuho upped their price target on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus upped their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Twenty-six analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $457.66.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 42,267 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the sale, the chief executive officer owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the sale, the director directly owned 774,761 shares of the company's stock, valued at $346,387,895.49. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,414 shares of company stock worth $96,794,738 in the last quarter. Company insiders own 3.32% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter valued at approximately $26,000. AlphaQuest LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth $26,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 3.2%

The company has a market capitalization of $108.66 billion, a price-to-earnings ratio of -631.81 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a fifty day moving average price of $463.39 and a 200-day moving average price of $427.49.

CrowdStrike Company Profile

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.

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