NEW YORK, Feb 4, 2026, 20:49 (EST) — Market closed.
- CrowdStrike shares dropped 1.5% Wednesday, marking their sixth straight session of losses.
- Software stocks plunged again, sparking renewed concerns that emerging AI tools might shake up established vendors.
- Investors are turning to March 3 earnings and upcoming SEC filings for the next major catalyst.
CrowdStrike Holdings, Inc. shares fell 1.5% on Wednesday, closing at $415.36. This marked the sixth consecutive day of declines as investors continued to shy away from high-multiple software stocks. Volume climbed to about 4.7 million shares. The stock now sits roughly 27% below its November 12 peak of $566.90. (MarketWatch)
With U.S. markets closed today, all eyes turn to Thursday’s open: will the selloff ease or intensify? CrowdStrike is feeling the same pressure as other software names, despite an upcoming earnings report that could shift the narrative.
This is important now as sentiment in software and data sectors has shifted quickly, with investors punishing any stock that seems priced for perfection. On top of that, CrowdStrike has new insider-sale disclosures out, which can rattle nerves even if it’s just standard procedure.
Reuters reports that software and services stocks have lost roughly $830 billion in market value over six straight sessions since Jan. 28. The selloff followed Anthropic’s launch of a new legal tool based on its Claude model, fueling fears AI could encroach on the “application layer.” “The selloff … is a manifestation of an awakening to the disruptive power of AI,” said James St. Aubin, chief investment officer at Ocean Park Asset Management. JPMorgan’s Mark Murphy, however, called it “an illogical leap” to think a plug-in could replace mission-critical enterprise software. (Reuters)
Cybersecurity stocks saw mixed action Wednesday. Fortinet climbed 2.3%, and Palo Alto Networks nudged up 0.3%. CrowdStrike, however, slipped 1.5%, MarketWatch data show. (MarketWatch)
A Form 4 filing revealed that CrowdStrike co-founder and CEO George Kurtz sold 6,777 shares on Feb. 2, with average prices mostly ranging from the mid-$430s to mid-$440s. According to the filing, the sales were executed “to cover tax withholdings” linked to vesting restricted stock units. (SEC)
A separate Rule 144 notice, which must be filed before selling restricted or controlled stock, showed officer Burt Podbere planning to sell 1,630 shares on or around Feb. 2 via Fidelity for roughly $714,478. These notices don’t guarantee a sale has happened but often stir short-term chatter around the stock. (SEC)
CrowdStrike plans to report its fourth-quarter and fiscal 2026 results after the U.S. market closes on March 3. The company will hold a conference call at 5 p.m. ET to review the numbers. These results cover the fiscal year ending Jan. 31, 2026. (Barchart)
CrowdStrike reported $1.23 billion in revenue for its latest quarter, marking a 22% increase year-over-year. The company closed the period with $4.92 billion in annual recurring revenue (ARR), a key subscription figure watched by software investors. Kurtz called it “one of our best quarters,” while Podbere announced an upgraded fiscal 2026 outlook. (Business Wire)
The risk remains: if the broader software reset worsens, even top growers could keep sliding. Any cautious guidance in March might keep buyers hesitant. CrowdStrike is still dealing with fallout from the July 2024 outage caused by a faulty Falcon update. A federal judge tossed a shareholder lawsuit in January. CrowdStrike’s chief legal officer said, “we appreciate the court’s thoughtful consideration and decision to dismiss this case.” (Reuters)
Traders will be eyeing whether the broader software sell-off stabilizes before the next session, along with any fresh AI news that might shake up the disruption talk. For CrowdStrike, the key date to watch is March 3 — when its update on demand, margins, and guidance will come through.
