Scotiabank Issues Negative Estimate for CrowdStrike Earnings

CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) - Research analysts at Scotiabank cut their FY2026 EPS estimates for CrowdStrike in a note issued to investors on Monday, June 9th. Scotiabank analyst P. Colville now forecasts that the company will post earnings of ($0.65) per share for the year, down from their prior forecast of ($0.41). Scotiabank currently has a "Sector Perform" rating and a $480.00 target price on the stock. The consensus estimate for CrowdStrike's current full-year earnings is $0.55 per share.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business's revenue was up 19.8% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group reissued a "hold" rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Barclays set a $500.00 target price on shares of CrowdStrike in a report on Tuesday, June 3rd. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective on the stock. in a report on Friday, June 6th. Roth Capital increased their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, BTIG Research restated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $453.17.

CrowdStrike Stock Performance

CRWD traded up $4.75 during trading hours on Thursday, hitting $481.73. 3,512,877 shares of the stock were exchanged, compared to its average volume of 5,025,949. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $491.20. The stock has a 50-day simple moving average of $422.55 and a 200-day simple moving average of $390.29. The stock has a market cap of $119.41 billion, a price-to-earnings ratio of 944.59, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

Institutional Investors Weigh In On CrowdStrike

A number of hedge funds have recently added to or reduced their stakes in CRWD. Norges Bank acquired a new position in CrowdStrike during the 4th quarter valued at about $1,111,542,000. Nuveen LLC acquired a new position in CrowdStrike during the 1st quarter valued at about $595,766,000. Jennison Associates LLC lifted its position in CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC lifted its position in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the period. Finally, Pathstone Holdings LLC lifted its position in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the period. Institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 13,543 shares of CrowdStrike stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the transaction, the president now directly owns 405,308 shares of the company's stock, valued at $145,351,554.96. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock worth $106,359,058 over the last 90 days. Corporate insiders own 3.32% of the company's stock.

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.