Overview
- CrowdStrike shares fell roughly 26.5% from the January 27 high to near $350 after a fresh 12% slide on Feb. 23 that coincided with Anthropic’s launch of a Code Security tool.
- The pullback is tied to a broader rotation out of high-multiple software and investor worries about competition and decelerating annual recurring revenue.
- Supportive voices include Jim Cramer’s call to raise estimates, HSBC’s recent upgrade to Buy with a $446 target, and a Seeking Alpha upgrade arguing the selloff is overdone.
- Skeptics caution the decline could continue, with a Forbes analysis outlining a plausible move toward about $244 based on valuation reset and prior support levels.
- CEO George Kurtz says AI expands the need for security, pointing to CrowdStrike’s Falcon platform, Charlotte AI, recent acquisitions, major cloud partnerships, and wins such as Nord’s adoption.