As U.S. markets head into the first trading day of December, CrowdStrike Holdings, Inc. (NASDAQ: CRWD) sits near all‑time highs, with investors eyeing a pivotal earnings report on Tuesday, December 2, 2025. Here’s a comprehensive look at the CrowdStrike stock price, the most important news and analysis published between 28–30 November 2025, and what it all could mean for CRWD before the market opens on Monday, December 1, 2025.
CrowdStrike stock price snapshot before the December 1 open
- Last close (Friday, Nov. 28, 2025): CrowdStrike shares finished around $509.5 per share, up about 1.6% on the day. [1]
- Market cap: Roughly $126 billion, placing CrowdStrike among the largest pure‑play cybersecurity names. [2]
- 1‑year performance: CRWD is up around the mid‑40% range over the past year, with one data provider citing a 47% gain. [3]
- Short‑term trend: After a strong run earlier in November, the stock has been consolidating in the $500–$515 zone, with recent daily closes of $506.82 (Nov. 24), $512.34 (Nov. 25), $501.54 (Nov. 26) and about $509 on Nov. 28. [4]
From a macro perspective, the broader U.S. market just closed out a volatile but ultimately positive November: the S&P 500 eked out a 0.1% gain for the month, its seventh straight monthly rise, while the Nasdaq still ended November modestly lower despite a sharp late‑month rebound. Optimism around a potential Federal Reserve rate cut at December’s meeting has underpinned risk assets heading into year‑end. [5]
That backdrop matters for CrowdStrike: high‑growth, high‑multiple software names like CRWD tend to trade as leveraged bets on both earnings momentum and the rate outlook.
Key CrowdStrike news and analysis from November 28–30, 2025
Between November 28 and 30, several new reports and opinion pieces landed that shape the short‑term narrative on CRWD. They cluster around three themes: valuation, earnings expectations, and risk/reward into 2026.
1. Valuation: strong growth, premium multiples
On November 28, Simply Wall St published a detailed valuation piece titled “CrowdStrike (CRWD): Assessing Valuation After Recent Share Price Decline and Strong Yearly Gains.” The article notes: [6]
- Over the last 30 days, CRWD’s share price slipped about 8%, but the year‑to‑date return is ~44%, and total 1‑year return ~45%.
- Their “most popular narrative” assigns CrowdStrike a fair value estimate of $518.96 per share, versus a recent close of $501.54, implying the stock is about 3.4% undervalued on that model.
- However, the price‑to‑sales ratio near 29x stands far above both the U.S. software industry average (~4.7x) and a peer average (~12.5x), suggesting significant valuation risk if growth slows.
Separately, another discounted cash‑flow (DCF)‑based piece (syndicated via Yahoo Finance) suggests CrowdStrike may actually be overvalued by roughly 12–13%, underscoring how different models can produce sharply different “fair values.” [7]
Takeaway: Recent November commentary converges on the idea that CrowdStrike’s fundamentals are excellent, but the stock already discounts a lot of that strength, leaving less margin for error ahead of earnings.
2. Analyst targets surge toward – and above – $600
Analyst activity picked up meaningfully in late November:
- DA Davidson raised its price target on CRWD from $515 to $580 while maintaining a Buy rating on November 25, citing confidence in upcoming results. [8]
- A QuiverQuant roundup of Wall Street targets highlights a cluster of aggressive new price objectives:
- Truist Securities: $600
- Rosenblatt: $630
- Stifel: $600
- Oppenheimer: $580
- Mizuho: $540 [9]
According to MarketBeat’s consensus page as of the Nov. 28 close: [10]
- 48 analysts currently cover CrowdStrike.
- The consensus rating is “Moderate Buy”, with roughly:
- 2 Sell
- 14 Hold
- 30 Buy
- 2 Strong Buy
- The average 12‑month price target is $543.75, implying about 6.7% upside from the current price near $509.
- Targets span a wide range, from a low around $343 to a high of $706.
Takeaway: Street sentiment remains broadly positive, but with CRWD already near the lower half of the target range, post‑earnings revisions will be crucial in determining the next leg higher or lower.
3. Earnings preview: Flex, LogScale and AI in focus
CrowdStrike is scheduled to report fiscal Q3 2026 results (for the quarter ended October 31, 2025) after the bell on Tuesday, December 2, 2025. [11] Multiple previews in late November zero in on what to watch.
Zacks / Nasdaq estimates and key metrics
A Zacks research note republished on Nasdaq on November 26 lays out the Street’s baseline: [12]
- Consensus EPS: about $0.94, up 1.1% year‑over‑year.
- Consensus revenue: roughly $1.21 billion, pointing to ~20% YoY growth.
- Within that:
- Subscription revenue: estimated at $1.16 billion (+20% YoY).
- Professional services revenue: projected at ~$58.5 million (+23% YoY).
- Analysts expect annual recurring revenue (ARR) near $4.9 billion, versus about $4.0 billion a year earlier.
- Remaining performance obligations (RPO) are forecast around $7.38 billion, up from $5.40 billion.
Zacks also notes CrowdStrike has beaten EPS estimates in each of the last four quarters, with an average surprise of 14.7%, but the model does not currently predict a clear earnings beat this time. [13]
The “Flex factor” and LogScale momentum
Two pieces on November 28–29 dig into product‑level drivers:
- An Evercore‑cited note on Investing.com highlights “early Flex momentum” ahead of earnings, referencing CrowdStrike’s Falcon Flex subscription model as a key ARR engine. [14]
- A TipRanks article titled “Investors Focus on ‘Flex Factor’ as CrowdStrike (CRWD) Prepares Earnings Update” argues investors should pay close attention to:
- Uptake of Falcon Flex and “re‑Flex” expansion deals.
- Rapid growth in LogScale and Next‑Gen SIEM, which are starting to reshape CrowdStrike’s role in observability and log management. [15]
The Zacks “buy, sell or hold” preview further underscores this:
- Falcon Flex customers now exceed 1,000, with more than 100 re‑Flex deals signed early, often boosting ARR by nearly 50% on renewal.
- Next‑Gen SIEM ARR grew more than 95% YoY in Q2, topping $430 million.
- A recent eight‑figure “re‑Flex” deal with a Fortune 500 software company replaced both legacy and hyperscaler SIEM, highlighting CrowdStrike’s competitive edge. [16]
Takeaway: Earnings this week are less about “can CrowdStrike grow 20%?” (the Street already expects that) and more about how quickly newer modules like Flex, LogScale and AI‑powered features expand the platform’s reach.
4. AI and public sector push: Charlotte AI wins FedRAMP High
Just days before the 28–30 November news window, CrowdStrike announced a major AI milestone that is still informing late‑month commentary:
- On November 25, CrowdStrike said its Charlotte AI system achieved FedRAMP High Authorization, allowing deployment across U.S. federal, state and local agencies via the Falcon platform in GovCloud. [17]
- Charlotte AI is described as an “agentic” AI trained on the judgment of elite security analysts, aimed at automating detection triage and security workflows at “machine speed.” [18]
Coverage from outlets like TechIntelPro and GuruFocus emphasizes that FedRAMP High is the most stringent U.S. government cloud security standard, and that this certification could accelerate public‑sector adoption of AI‑driven cybersecurity. [19]
A Nasdaq‑hosted Motley Fool piece on November 29 ties this into a 5‑year bull case, pointing to CrowdStrike’s AI capabilities and its partnerships with Google Cloud, EY and CoreWeave as key drivers of potential long‑term upside. [20]
5. Institutional flows and insider selling
MarketBeat published two ownership‑focused notes on November 29–30 that investors may weigh before Monday’s open: [21]
- West Family Investments Inc. nearly doubled its stake in CrowdStrike in Q2, buying 654 shares to bring holdings to 1,327 shares worth about $676,000.
- Pursue Wealth Partners LLC trimmed its CRWD position by 7.4%, but the stock still represents about 5.7% of the fund’s portfolio, its third‑largest holding.
- Across the shareholder base, institutional investors and hedge funds control roughly 71% of outstanding shares. [22]
Both reports flag notable insider selling:
- Insiders have sold about 116,600 shares (~$58.6 million) over the last 90 days, including sizable sales from CEO George Kurtz and several directors. [23]
Insider selling is common in high‑growth tech once equity awards have appreciated, but at today’s valuations it inevitably feeds the “is the stock too expensive?” debate.
6. Sector context: CRWD among top cybersecurity stocks to watch
On November 30, MarketBeat’s screener flagged Palo Alto Networks, CrowdStrike and Fortinet as the three cybersecurity stocks worth watching, highlighting: [24]
- Palo Alto’s strength in firewalls and broad subscription services.
- CrowdStrike’s cloud‑native endpoint and workload protection, plus AI‑powered identity and data security.
- Fortinet’s focus on secure networking and converged network/security hardware.
The fact that CrowdStrike repeatedly shows up in “top cybersecurity stocks” lists reinforces its blue‑chip status within the cyber theme, but also means it can be sensitive to sector‑wide rotations if macro conditions change.
7. Risk spotlight: insider threat incident hits the headlines
On November 28, IT Pro ran a feature and podcast episode titled “November rundown: CrowdStrike’s insider threat,” detailing an incident in which: [25]
- A CrowdStrike employee allegedly leaked internal system screenshots to hackers via Telegram, reportedly receiving around $25,000.
- The employee was quickly dismissed, and the company moved to contain the incident.
- Experts interviewed in the piece frame this as a wake‑up call around insider threats, which often receive less attention than external attacks.
So far there’s no sign this incident has had a measurable financial impact, but it does raise questions around internal controls, at a time when CrowdStrike’s brand is built on security excellence.
Investor angle: reputational issues rarely move the stock on their own if quickly addressed, but they can amplify downside if they coincide with operational missteps (for example, another software update problem like the Windows‑related outage). Reuters reminded investors back in August that CrowdStrike’s Q3 revenue forecast was still being weighed down by customer incentives following a previous botched software update. [26]
How expensive is CrowdStrike heading into December?
Across the late‑November research, a similar valuation picture emerges:
- Zacks notes that CrowdStrike trades at a forward 12‑month P/S of about 22.4x, versus roughly 12x for the broader security industry.
- Major peers such as Check Point Software, Palo Alto Networks and SentinelOne trade at much lower P/S multiples (~7.0x, 11.8x and 4.6x respectively). [27]
- Simply Wall St pegs the company’s current P/S ratio closer to 29x based on trailing fundamentals, far above industry averages. [28]
In other words, even the more optimistic models calling CRWD “slightly undervalued” do so relative to aggressive growth assumptions; plenty of other frameworks see the stock as 10–15% overvalued at today’s levels. [29]
Algorithmic and long‑horizon forecasts underscore the uncertainty:
- CoinCodex’s 2025 model suggests CRWD could trade between roughly $440 and $510 in 2025. [30]
- LongForecast’s long‑range scenarios show wide swings, with potential pullbacks into the high $400s even in generally bullish multi‑year paths. [31]
These machine‑driven forecasts should not be treated as precise predictions, but they do highlight that volatility is expected around such a richly valued growth story.
Short‑term CrowdStrike stock forecast before the December 1, 2025 open
No model can say with certainty where CRWD will trade on Monday morning, but combining the late‑November news and current pricing does allow for scenario analysis.
1. Base case: Range‑bound but volatile into earnings
What supports the stock:
- Strong fundamental backdrop: ~20% expected revenue growth and expanding ARR and RPO. [32]
- Positive AI narrative around Charlotte AI and FedRAMP High, signaling a larger public‑sector opportunity. [33]
- Broad analyst support, with a Moderate Buy consensus and an average target in the $540s. [34]
- Cybersecurity theme remains structurally strong, and CRWD is repeatedly cited as a top sector name to watch. [35]
What caps upside short‑term:
- Premium valuation versus both peers and historical averages. [36]
- Recent insider selling and some institutional trimming. [37]
- Mixed pre‑earnings commentary: some previews advocate caution and label the stock a “hold” at current levels due to stretched multiples and rising costs. [38]
Base‑case implication: Absent a surprise headline before the open, it is reasonable to expect CRWD to continue oscillating around the $500–$525 band on Monday, with traders positioning ahead of Tuesday’s earnings call. Short‑term dips may see buyers step in near prior support around the high‑$480s to low‑$500s, while rallies are likely to encounter profit‑taking as the price moves closer to the mid‑$500s where many Street targets cluster.
(This is not a guarantee, just a logical range based on current information and behavior in similar pre‑earnings setups.)
2. Bull case: Earnings momentum and AI story overpower valuation worries
For a more decisively bullish move either into Monday’s session or immediately after earnings, investors would likely need to see:
- Revenue and EPS beats relative to the $1.21B / $0.94 benchmarks. [39]
- Evidence that Flex, LogScale and Next‑Gen SIEM are accelerating ARR beyond current expectations. [40]
- A clear update on how Charlotte AI and its FedRAMP High status are translating into pipeline and deals. [41]
- Upward revisions to FY2026 guidance or a new multi‑year outlook that supports the most aggressive targets ($600–$630). [42]
If CrowdStrike delivers that combination, the stock could push through recent highs and test the mid‑$500s or beyond, especially given its history of double‑digit earnings surprises.
3. Bear case: High expectations meet lingering outage and cost concerns
On the downside, several risks hang over CRWD:
- The August guidance cut, blamed on lingering effects of a prior software‑update‑driven outage, showed how quickly sentiment can sour when incentives and discounts weigh on revenue timing. [43]
- Both Zacks and Simply Wall St stress that R&D and sales & marketing costs have exploded over recent years, and valuations leave little room for margin disappointment. [44]
- A high‑profile insider threat incident in November keeps operational risk in the conversation, even if the direct financial impact is limited. [45]
If earnings or guidance on Tuesday reflect only modest growth or ongoing pressure from incentives/outage‑related concessions, investors could decide the stock’s rich multiple is untenable in the short term. In that scenario, CRWD could see a sharp correction, with a drop into the mid‑$400s not impossible over a multi‑week window if growth investors rotate to cheaper cybersecurity or AI names.
Key numbers to know going into December 1
For readers scanning ahead of the open, here’s a quick numeric cheat sheet based on late‑November sources:
- Last close (Nov. 28): ≈ $509.5
- 1‑year performance: ≈ +45–47% [46]
- Consensus FY Q3 2026 EPS:$0.94
- Consensus FY Q3 2026 revenue:$1.21 billion [47]
- Consensus 12‑month price target:$543.75 (≈ 6.7% implied upside)
- Analyst stance:“Moderate Buy”, with the majority rating CRWD a Buy or Strong Buy. [48]
- Forward P/S multiple: Roughly 22–29x, depending on the data set and whether you use forward or trailing sales. [49]
What this means for investors (and a quick disclaimer)
Ahead of the Monday, December 1, 2025 open, CrowdStrike sits at the crossroads of:
- Powerful long‑term tailwinds: AI‑driven cyber threats, cloud and identity expansion, Charlotte AI’s FedRAMP High status, and strong ARR/RPO trends. [50]
- Short‑term uncertainty: A rich valuation, mixed pre‑earnings views (from “Moderate Buy” to explicit “Hold at these levels”), and unresolved questions around the impact of prior outages and rising operating expenses. [51]
For short‑term traders, the next 48 hours are likely to be dominated by positioning for Tuesday’s earnings, with the stock most likely oscillating within a relatively tight band unless a new catalyst hits.
For long‑term investors, the late‑November research flow reinforces a simple message: execution on growth and margins must stay nearly flawless to justify – and expand – the current valuation.
Important: This article is for informational and educational purposes only. It is not personalized investment advice or a recommendation to buy, sell or hold any security. Always do your own research and consider consulting a licensed financial advisor before making investment decisions.
References
1. www.marketbeat.com, 2. www.stocktitan.net, 3. www.stocktitan.net, 4. stockinvest.us, 5. www.barrons.com, 6. simplywall.st, 7. finance.yahoo.com, 8. www.investing.com, 9. www.nasdaq.com, 10. www.marketbeat.com, 11. www.tradingview.com, 12. www.nasdaq.com, 13. www.tradingview.com, 14. www.investing.com, 15. www.tipranks.com, 16. www.tradingview.com, 17. www.crowdstrike.com, 18. www.crowdstrike.com, 19. techintelpro.com, 20. www.nasdaq.com, 21. www.marketbeat.com, 22. www.marketbeat.com, 23. www.marketbeat.com, 24. www.marketbeat.com, 25. www.itpro.com, 26. www.reuters.com, 27. www.tradingview.com, 28. simplywall.st, 29. finance.yahoo.com, 30. coincodex.com, 31. longforecast.com, 32. www.nasdaq.com, 33. www.crowdstrike.com, 34. www.marketbeat.com, 35. www.marketbeat.com, 36. simplywall.st, 37. www.marketbeat.com, 38. www.tradingview.com, 39. www.nasdaq.com, 40. www.tradingview.com, 41. www.crowdstrike.com, 42. www.nasdaq.com, 43. www.reuters.com, 44. www.tradingview.com, 45. www.itpro.com, 46. www.stocktitan.net, 47. www.nasdaq.com, 48. www.marketbeat.com, 49. simplywall.st, 50. www.crowdstrike.com, 51. simplywall.st
