CrowdStrike Holdings Inc ( CRWD ) shares are trading higher Wednesday on the heels of the company’s fourth-quarter financial results. Several analysts also lifted price targets following the print.

Q4 Revenue: $845.34 million, beat estimates of $839.04 million

Q4 EPS: 95 cents, beat estimates of 82 cents

Total revenues were up 33% on a year-over-year basis. Annual recurring revenue increased 34% year-over-year. Net cash generated from operations was $347 million. CrowdStrike ( CRWD ) also generated $283 million in free cash flow during the quarter.

The company ended the quarter with $3.47 billion in cash, equivalents and short-term investments.

“CrowdStrike is cybersecurity's consolidator of choice, innovator of choice, and platform of choice to stop breaches,” said George Kurtz, co-founder, president and CEO of CrowdStrike ( CRWD ).

Outlook: CrowdStrike ( CRWD ) expects first-quarter revenue in the range of $902.2 million to $905.8 million versus estimates of $899.29 million. The company sees fiscal year 2025 revenues to be between $3.925 billion and 3.989 billion versus estimates of $3.05 billion.

CrowdStrike ( CRWD ) anticipates first-quarter adjusted earnings of 89 cents to 90 cents per share versus estimates of 82 cents per share. The company sees fiscal year 2025 earnings in the range of $3.77 to $3.97 per share versus estimates of $3.75 per share.

CrowdStrike ( CRWD ) also announced that it has agreed to acquire cloud data runtime security solution company Flow Security. The acquisition is expected to expand CrowdStrike's ( CRWD ) cloud security presence with data security posture management.

Analyst Changes:

Jefferies analyst Joseph Gallo maintained CrowdStrike ( CRWD ) with a Buy and raised the price target from $375 to $400.

Wells Fargo analyst Andrew Nowinski maintained CrowdStrike ( CRWD ) with an Overweight and raised the price target from $380 to $435.

Keybanc analyst Eric Heath maintained CrowdStrike ( CRWD ) with an Overweight and raised the price target from $375 to $430.

Barclays analyst Saket Kalia maintained CrowdStrike ( CRWD ) with an Overweight and raised the price target from $340 to $400.

HSBC analyst Stephen Bersey maintained CrowdStrike ( CRWD ) with a Buy and raised the price target from $411 to $412.

Mizuho analyst Gregg Moskowitz maintained CrowdStrike ( CRWD ) with a Buy and raised the price target from $360 to $390.

Related Link: CrowdStrike Analysts Boost Their Forecasts Following Strong Earnings

CRWD Price Action: CrowdStrike ( CRWD ) shares were up 23% at $366 at the time of writing, according to Benzinga Pro.