CrowdStrike (CRWD) Stock Doubles Down With $1.5B Buyback Near 52-Week Lows

TLDR

• CrowdStrike added $500M to its buyback plan, bringing the total authorization to $1.5 billion.
• CRWD opened at $399.12 on Monday with a market cap of around $101.2 billion.
• Morgan Stanley upgraded CRWD to Overweight with a $510 target; average analyst target sits at ~$505.
• Institutional investors hold 71.16% of the stock; insiders sold roughly 68,636 shares worth $28.7M in the last 90 days.
• Q4 revenue came in at $1.31B, up 23.8% year-over-year, beating estimates by ~$10M.

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CrowdStrike (CRWD) opened Monday at $399.12, well below its 52-week high of $566.90.

CrowdStrike Holdings, Inc., CRWD

CrowdStrike announced Monday it is expanding its stock repurchase program by $500 million, lifting the total authorization to $1.5 billion. The company has already bought back 413,130 Class A common shares at an average price of $364.57, for a total spend of $150.6 million under the existing program.

CFO Burt Podbere tied the move to the company’s long-term target of reaching $20 billion in annual recurring revenue by fiscal year 2036. “We have increased our share repurchase authorization to $1.5 billion to opportunistically return value to shareholders,” Podbere said.

The announcement comes as CRWD trades around 30% off its 52-week high, a drop partly linked to a sector-wide selloff after concerns that advanced AI tools could replace some security functions.

The stock’s 50-day moving average sits at $411.92, while the 200-day moving average is $467.32 — both above where the stock is currently trading.

Analyst Sentiment Stays Broadly Positive

Analyst coverage remains mostly constructive. Morgan Stanley upgraded CRWD from equal weight to overweight in March, raising its target from $487 to $510. Truist has a buy rating with a $550 target, while Daiwa carries an outperform rating with a $500 target. The average analyst price target stands at around $504.98, with a consensus of “Moderate Buy” across 51 analysts.

One analyst has a strong buy, 34 have buy ratings, 15 are at hold, and one carries a sell.

Runnymede Capital Advisors opened a new position in Q4, picking up 3,160 shares worth about $1.48 million. Several other institutional investors also added to positions in recent quarters, including Carnegie Investment Counsel and Traynor Capital Management.

Zacks Research upgraded CRWD from strong sell to hold in March, and the company beat Q4 earnings estimates — posting $1.12 EPS against a consensus of $1.10, with revenue of $1.31 billion versus an expected $1.30 billion.

Insider Selling Continues

On the other side, insider selling has been steady. CEO George Kurtz sold 28,853 shares in early February at an average of $413.01, pulling in roughly $11.9 million. That reduced his ownership by 1.38%, leaving him with around 2.05 million shares.

President Michael Sentonas sold 19,367 shares in late March at $411.06, totaling about $7.96 million. In total, insiders have sold approximately 68,636 shares worth $28.7 million over the past 90 days. Insiders now hold about 3.32% of the company.

CrowdStrike also recently expanded its GovCloud platform and launched a CTEM service with HCLTech, both aimed at broadening its enterprise and public-sector customer base.

The company has a 52-week low of $298.00 and a 52-week high of $566.90. Analysts forecast EPS of $0.55 for the current fiscal year.

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