CrowdStrike Holdings (NASDAQ: CRWD) is back in focus today as the cybersecurity leader trades lower ahead of its next earnings report, even while Wall Street’s price targets and the company’s AI‑driven growth story continue to climb.
CrowdStrike stock price today (November 22, 2025)
As of the latest trading data on November 22, 2025, CrowdStrike shares are changing hands around $490.67, down a little over 2% on the day. Intraday, the stock has traded in roughly a $477–$502 range, with volume around 3 million shares. [1]
Key price levels:
- Current price: ~$490.7
- Previous close: ~$501.3 [2]
- 52‑week range: ~$298 on the low end to just under $567 at the high [3]
That leaves CRWD trading about 13% below its recent 52‑week high near $567, set earlier in November, after a powerful 2025 rally that still has the stock up roughly 40%+ year‑to‑date. [4]
Despite today’s pullback, CRWD remains one of the most actively traded cybersecurity names and is on MarketBeat’s list of “cybersecurity stocks to watch today” based on recent dollar trading volume. [5]
Why CrowdStrike is moving now
Today’s move in CrowdStrike doesn’t come in isolation. Several overlapping themes are shaping sentiment around the stock:
1. Pre‑earnings positioning ahead of December 2
CrowdStrike has confirmed that it will report fiscal Q3 2026 (quarter ended October 31, 2025) results after the U.S. market close on December 2, 2025, with a conference call at 5:00 p.m. ET. [6]
Market calendars and analyst trackers widely show:
- Next earnings date: December 2, 2025 (after the close)
- Consensus EPS estimate: about $0.94 per share for the quarter [7]
With just days to go, some traders are clearly taking profits or de‑risking around what could be a volatile event—especially after a big run‑up in the stock.
2. A wave of analyst upgrades and higher price targets
Despite near‑term volatility, Wall Street remains broadly bullish on CrowdStrike:
- A recent MarketBeat analysis notes that at least 12 analysts raised their CRWD price targets in November alone, with new targets ranging from about $515 to as high as $800. [8]
- The same piece highlights a consensus 12‑month price target around $538, implying mid‑single‑digit to low‑double‑digit upside from current levels, with a high estimate near $706 and a low around $343. [9]
- Recent individual moves include:
Across multiple aggregators (MarketBeat, Forbes, Public.com), CRWD carries a “Buy” / “Outperform”‑type consensus rating, with average targets generally clustered in the low‑to‑mid $500s. [13]
The paradox today? Price has dipped, but analyst enthusiasm has not. That disconnect often creates short‑term turbulence as traders weigh rich valuation against very strong expectations.
3. Institutional buying vs. insider selling
Fresh regulatory filings show institutional investors adding to CRWD, even as some insiders lock in gains:
- Rhumbline Advisers increased its stake by 2.7% in Q2 to 449,156 shares, worth about $228.8 million and representing roughly 0.18% of the company. [14]
- MUFG Securities Americas boosted its position by 26.6% to 5,520 shares (~$2.8 million). [15]
- Del Sette Capital Management opened a new stake of 4,852 shares (~$2.47 million), making CrowdStrike about 1.7% of its portfolio. [16]
On the flip side, insiders have been net sellers in recent months:
- MarketBeat tallies show insiders selling around 116,000+ shares (roughly $58 million in value) over the last 90 days, with insiders still owning about 3.3% of the company. [17]
- Separate filings detail notable sales by President Michael Sentonas (25,000 shares) and other senior figures earlier in the fall. [18]
This combination—institutional accumulation plus insider profit‑taking—is typical for a stock that has rallied sharply and now trades at a premium valuation.
Fundamentals: AI‑powered growth story remains intact
The short‑term share price wobble sits on top of a still‑robust fundamental story.
Record Q2 FY26 results
On August 27, 2025, CrowdStrike reported fiscal Q2 2026 results that beat expectations and underscored the strength of its platform model: [19]
- Revenue: $1.17 billion, up 21% year over year, and above the high end of guidance.
- Net new ARR: A record $221 million (non‑GAAP), ahead of management’s own targets.
- Ending ARR:$4.66 billion, growing over 20% year over year.
- Next‑gen cloud, identity and SIEM ARR: Above $1.56 billion, up 40%+ year over year.
- Non‑GAAP operating income: About $255 million, or 22% of revenue.
- Free cash flow: Roughly $284 million, or 24% of revenue.
Management also highlighted the continued success of its Falcon Flex licensing model, noting that more than 1,000 customers now use Flex and that early upsizing (“reflexes”) are driving nearly 50% ARR uplifts on average. [20]
This is crucial to the long‑term story: instead of selling one‑off licenses, CrowdStrike is steadily expanding wallet share across modules like endpoint, identity, cloud security and next‑gen SIEM—what CEO George Kurtz frequently frames as building the “hyperscaler of security.” [21]
Guidance and long‑term targets
Looking ahead, management’s guidance and strategic goals are aggressive:
- For Q3 FY26, CrowdStrike guided revenue to about $1.208–$1.218 billion, implying 20–21% year‑over‑year growth. [22]
- For full‑year FY26, the company is targeting $4.75–$4.81 billion in revenue, up roughly 20–22%. [23]
- Management expects net new ARR growth of at least 40% in the second half of FY26 and has reiterated its long‑term ambition to reach $10 billion in subscription ARR by fiscal 2031. [24]
In parallel, Q2 results showed strong profitability and cash generation, giving CrowdStrike ample room to continue investing in AI, acquisitions, and go‑to‑market expansion.
Platform & AI: the “agentic security” push
Beyond the numbers, CrowdStrike is leaning hard into AI and platform consolidation:
- The Fall 2025 release of the Falcon “agentic security” platform introduces what the company calls an AI‑ready data layer plus a new generation of AI agents working alongside human analysts. [25]
- Recent updates extend Falcon Data Protection and next‑gen identity security, including features to monitor data flows, reduce gen‑AI data leakage and enhance privileged access security. [26]
- The company has also announced acquisitions like Onum, a data pipeline specialist, to accelerate adoption of its next‑gen SIEM and deepen AI‑driven analytics. [27]
Analysts and industry watchers see this as a direct attempt to displace legacy SIEM and point tools and to position CrowdStrike as a security operating system spanning endpoint, identity, data, and observability. [28]
Valuation check: A premium price for a premium story
The biggest pushback on CRWD today isn’t about its technology—it’s about its valuation.
High multiple, negative GAAP earnings
On trailing GAAP earnings, CrowdStrike is still not consistently profitable:
- Various trackers show a negative trailing P/E (around ‑400x), reflecting a small GAAP loss over the last 12 months. [29]
- On a forward basis, however, estimates imply a triple‑digit forward P/E (around the low 100s), with price‑to‑sales near the high‑20s and enterprise‑value‑to‑revenue also around 28x. [30]
In plain English: CrowdStrike is priced like a best‑in‑class growth compounder, not a typical software stock. Investors are paying up for:
- Consistent 20%+ revenue growth
- High‑20s free‑cash‑flow margins and rising non‑GAAP profitability [31]
- A powerful platform and AI narrative that could widen its moat over time [32]
That premium leaves less room for disappointment. Any stumble in growth, guidance or outage‑related costs could trigger sharp drawdowns, as shareholders have seen in past quarters.
Key risks to keep in view
Even fans of the stock acknowledge several important risk factors:
1. Lingering impact from the 2024 Windows outage
The widely publicized Windows‑related outage in 2024 has faded from headlines, but its financial ripple effects have not entirely disappeared. Reuters recently noted that CrowdStrike still expects: [33]
- $10–$15 million in quarterly revenue headwinds from customer retention incentives
- Around $51 million in outage‑related cash payments in Q3
The incident also reminded regulators and customers just how critical (and fragile) cybersecurity infrastructure can be, raising the bar for reliability and governance.
2. Intense competition in cybersecurity and AI
CrowdStrike faces a crowded field of competitors, including:
- Large platform players like Microsoft and Palo Alto Networks
- Fast‑growing specialists such as SentinelOne and Cloudflare in adjacent categories [34]
Many of these rivals are also adding AI capabilities and platform bundles, intensifying pricing and product competition.
3. Rich valuation and macro sensitivity
With CRWD trading at a premium to both the broader market and most cybersecurity peers, the stock is naturally sensitive to: [35]
- Changes in interest rates and risk appetite
- Any slowdown in enterprise IT and security budgets
- Sector‑wide rotations out of high‑multiple tech
Short‑term swings—up or down—can be amplified when expectations run this high.
Is CrowdStrike stock a buy today?
Whether CrowdStrike is attractive right now depends heavily on your time horizon and risk tolerance. A few framing points:
For long‑term, growth‑oriented investors
- The core thesis remains intact: strong double‑digit ARR growth, expanding AI‑driven platform capabilities, rising free cash flow and a long runway toward a $10B‑plus ARR business. [36]
- Wall Street’s consensus targets imply modest upside from current levels, with a subset of analysts seeing significantly higher potential if execution stays strong. [37]
For value‑conscious or volatility‑averse investors
- The stock’s premium valuation and history of sharp pullbacks around earnings, sector rotations or security incidents are important to respect. [38]
- Even bullish analysts caution that expectations for the upcoming Q3 report may already be elevated after such a strong year. [39]
For short‑term traders
- With CRWD about 13% below its recent high and hovering around technical support levels flagged near $480–$500, some see the current drift as a consolidation phase before December’s earnings catalyst. [40]
- That also means headline risk is high; an earnings miss or cautious outlook could pressure the stock further, while a beat‑and‑raise scenario might reignite the rally.
Bottom line
On November 22, 2025, CrowdStrike stock is in a classic pre‑earnings tug‑of‑war:
- Price: Around $490, off recent highs but still reflecting a premium multiple. [41]
- Story: A leading AI‑powered cybersecurity platform with strong revenue growth, expanding ARR and robust cash flow. [42]
- Sentiment: Institutional buyers are adding, insiders are taking profits, and analysts remain broadly bullish with rising price targets. [43]
- Risk: Rich valuation, outage‑related overhangs and fierce competition mean execution has to stay nearly flawless. [44]
For investors following CRWD today, the key date circled on the calendar is December 2, 2025. That’s when CrowdStrike’s next earnings report will either confirm the bullish AI‑security narrative—or test just how much optimism is already priced in.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research and consider consulting a licensed financial professional before making investment decisions.
References
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