New York, July 2, 2026, 06:03 (EDT)
- CrowdStrike ended Wednesday at $772.74. With its 4-for-1 split hitting, that points to a split-adjusted $193.19 share price.
- The split drops the cost of a new 100-share lot to around $19,319, but the company’s market cap stays at nearly $199 billion.
- The shares trade at roughly 30x CrowdStrike’s 2027 fiscal ARR midpoint target.
- Nasdaq regular trading was still closed, with U.S. markets shut Friday for the Independence Day holiday.
CrowdStrike Holdings, Inc. NASDAQ:CRWD starts its first day after the 4-for-1 stock split with a lower per-share number for retail and options trades, but the valuation is unchanged. Shares climbed 1.26% Wednesday to $772.74, extending their winning streak to five sessions. The close left CrowdStrike 1.64% under its 52-week high of $785.66. On a split-adjusted basis, that puts the price at $193.19 ahead of the regular session open.
At the time of the dateline, markets were still in the pre-open phase. The Nasdaq’s regular trading hours are 9:30 a.m. to 4:00 p.m. Eastern, with premarket open from 4:00 a.m. Nasdaq will be closed July 3 for Independence Day observed. Nasdaq 100 futures dropped 0.24% as of 5:00 a.m. ET, according to Reuters.
| CrowdStrike split math | Pre-split close | Split-adjusted equivalent |
|---|---|---|
| Share price | $772.74 | $193.19 |
| 52-week high | $785.66 | $196.42 |
| 100-share stock lot | $77,274 | $19,319 |
| Market value | $199.3 billion | Unchanged |
| Gap to 52-week high | 1.64% | 1.64% |
That’s the trade. A split leaves revenue, cash flow and overall market value unchanged. It does lower the cash required to pick up a single share or a new 100-share lot. For options, the Options Clearing Corp. said current CrowdStrike contracts get a 4.00 strike divisor and 4.00 contract multiplier. The symbol stays CRWD.
The valuation remains steep. CrowdStrike’s latest market value stood at $199.3 billion. That puts it at roughly 36 times its $5.51 billion ARR as of April 30. Using the company’s midpoint guide for fiscal 2027 ARR, the multiple drops to about 30 times.
| CrowdStrike valuation check | Amount | Market cap multiple |
|---|---|---|
| Current market cap | $199.3 bln | — |
| Q1 end ARR | $5.51 bln | 36.2x |
| Midpoint FY27 ARR guide | $6.54 bln | 30.5x |
| Midpoint FY27 revenue guide | $5.94 bln | 33.6x |
| Midpoint FY27 non-GAAP net income guide | $1.27 bln | 156.4x |
The split mainly helps trading volume, not the company’s value. With a cheaper share price, smaller investors and those trading single option contracts can get in. But investors still pay the same amount for CrowdStrike’s growth.
Cybersecurity stocks were mostly up even as broad tech futures slipped. Palo Alto Networks Inc. NASDAQ:PANW, Fortinet Inc. NASDAQ:FTNT, Tenable Holdings Inc. NASDAQ:TENB, Qualys Inc. NASDAQ:QLYS, Zscaler Inc. NASDAQ:ZS and SentinelOne Inc. NYSE:S all traded higher in recent quotes.
| Security | Latest price | Change vs prior close | Market value |
|---|---|---|---|
| CrowdStrike NASDAQ:CRWD | $772.74 pre-split / $193.19 split-adjusted | up 1.22% | $199.3 bln |
| Palo Alto Networks NASDAQ:PANW | $352.04 | gained 3.26% | $282.0 bln |
| Fortinet NASDAQ:FTNT | $158.98 | rose 3.50% | $118.1 bln |
| Zscaler NASDAQ:ZS | $146.45 | added 3.79% | $23.5 bln |
| SentinelOne NYSE:S | $17.59 | up 3.65% | $5.9 bln |
| Qualys NASDAQ:QLYS | $143.44 | up 4.36% | $5.1 bln |
| Tenable NASDAQ:TENB | $37.90 | up 2.71% | $4.5 bln |
The sector bid is getting a new AI twist. Barron’s said J.P. Morgan NYSE:JPM analyst Brian Essex expects big cyber players like CrowdStrike and Palo Alto to benefit as demand grows for AI-driven vulnerability discovery. In the note, Essex pointed to “an acceleration in vulnerability volumes,” Barron’s said. Barron’s
CrowdStrike’s June quarter numbers landed with more fuel for bulls. Total revenue was up 26% at $1.39 billion. Subscription revenue also climbed 26% to $1.32 billion. ARR hit $5.51 billion, up 24%. CEO George Kurtz called the company an “AI security infrastructure.” CFO Burt Podbere pointed to “record Q1 net new ARR of $256 million” and free cash flow at a record $468 million. CrowdStrike Holdings, Inc.
New filings show limited insider selling around the top. Kurtz moved 5,012 pre-split Class A shares on June 29 and June 30 at an average price near $750.77, all under a 10b5-1 plan set January 6, 2026. That’s roughly 0.2% of Wednesday’s 2.4 million-volume.
CrowdStrike set new targets for the next quarter, putting Q2 ARR in a range of $5.7926 billion to $5.7946 billion. The company expects revenue for the same quarter to come in between $1.436 billion and $1.442 billion, for the period ending July 31. Fiscal 2027 revenue guidance is now $5.9147 billion to $5.9587 billion.
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