CrowdStrike (NASDAQ:CRWD) Trading Up 6.2% – Here’s Why

CrowdStrike (NASDAQ:CRWD) was up 6.2% during trading on Tuesday . The company traded as high as $423.73 and last traded at $423.23. Approximately 4,555,964 shares were traded during trading, an increase of 17% from the average daily volume of 3,879,916 shares. The stock had previously closed at $398.61.

CrowdStrike News Roundup

Here are the key news stories impacting CrowdStrike this week:

• Positive Sentiment: Anthropic selected CrowdStrike for its Project Glasswing, positioning CRWD as a partner to secure advanced AI deployments — a potential revenue tailwind and validation of product relevance in the AI era. Anthropic’s Project Glasswing partners with CrowdStrike, Palo Alto to evolve security for AI
• Positive Sentiment: J.P. Morgan and other analysts frame Anthropic’s move as a catalyst for cybersecurity leaders; JPMorgan sees further upside for CrowdStrike tied to AI-driven demand. Why JPMorgan sees further upside in Palo Alto and CrowdStrike stocks
• Positive Sentiment: The CrowdStrike board approved a share repurchase program — a near-term capital-return signal that can support the stock and offset some investor concern. CrowdStrike Board Approves Share Repurchase Program
• Positive Sentiment: Identity security within CrowdStrike is gaining traction, with strong ARR growth and enterprise demand that could meaningfully expand TAM and recurring revenue quality. Is Identity Security Becoming a Bigger Growth Driver for CrowdStrike?
• Positive Sentiment: Several bullish takes (Seeking Alpha, TipRanks, Blockonomi) argue Project Glasswing and CEO commentary turn AI risk into growth opportunity — reinforcing analyst buy ratings and supporting medium-term demand expectations. CrowdStrike: Anthropic’s Project Glasswing Is A Game Changer
• Neutral Sentiment: Some analysts remain conflicted on tech names including CrowdStrike, reflecting mixed analyst views that can increase intraday volatility but don’t change fundamentals immediately. Analysts Conflicted on These Technology Names: Strategy (MSTR) and CrowdStrike Holdings (CRWD)
• Neutral Sentiment: Macro/sector investing debates (inflation/rotation into infrastructure vs. high-growth software) are keeping positioning fluid; portfolio managers are balancing tech exposure. Hunting for Returns: Hatching a New Strategy for Sticky Inflation
• Negative Sentiment: Benzinga and other market updates point to AI-driven competition fears and weak GDP/software sentiment driving selling pressure in enterprise software, which is a key reason CRWD shares are sliding today. Why Are CrowdStrike Shares Sliding On Thursday?
• Negative Sentiment: Coverage questioning whether CrowdStrike can fully recover investor trust after recent volatility adds narrative risk and could limit multiple expansion until growth visibility stabilizes. CrowdStrike Stock Trades at $426 After the Chaos—But Can CRWD Ever Fully Recover Investor Trust?

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CRWD shares. BMO Capital Markets decreased their price target on CrowdStrike from $555.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. UBS Group restated an “overweight” rating on shares of CrowdStrike in a research report on Wednesday, March 4th. DA Davidson increased their price objective on CrowdStrike from $425.00 to $455.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and set a $520.00 price objective on the stock in a research report on Monday, March 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $520.00 price objective on shares of CrowdStrike in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $504.98.

CrowdStrike Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.17. The company has a market cap of $100.09 billion, a price-to-earnings ratio of -533.34, a P/E/G ratio of 17.51 and a beta of 1.07. The stock has a 50 day moving average price of $408.60 and a two-hundred day moving average price of $465.75.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02. CrowdStrike had a negative return on equity of 0.14% and a negative net margin of 3.81%.The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 23.8% on a year-over-year basis. Analysts predict that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike declared that its board has initiated a stock buyback program on Monday, April 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, President Michael Sentonas sold 19,367 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $411.06, for a total value of $7,960,999.02. Following the transaction, the president directly owned 406,944 shares in the company, valued at $167,278,400.64. This trade represents a 4.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO George Kurtz sold 28,853 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $413.01, for a total value of $11,916,577.53. Following the sale, the chief executive officer directly owned 2,054,902 shares in the company, valued at $848,695,075.02. The trade was a 1.38% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 68,636 shares of company stock worth $28,690,657 over the last three months. Insiders own 3.32% of the company’s stock.

Institutional Trading of CrowdStrike

Hedge funds have recently added to or reduced their stakes in the business. Asset Planning Inc acquired a new stake in CrowdStrike during the 3rd quarter worth $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CrowdStrike in the third quarter valued at approximately $25,000. Anchor Investment Management LLC acquired a new position in shares of CrowdStrike in the third quarter valued at approximately $25,000. Logan Capital Management Inc. acquired a new position in shares of CrowdStrike in the third quarter valued at approximately $26,000. Finally, Basepoint Wealth LLC acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.