CRWD CrowdStrike Holdings, Inc.

MIXED Impact: 3/10 ANALYST-UPGRADE
Processed 1mo ago SEC analyst-CRWD-wolferes-20260330
34 firms acted on CRWD: Wolfe Research, Morgan Stanley, Wells Fargo, Piper Sandler, HSBC, Keybanc, Berenberg, Freedom Capital Markets, Freedom Broker, Scotiabank, Macquarie, Morgan Stanley, CFRA, Piper Sandler, Bernstein, Evercore ISI Group, B of A Securities, Canaccord Genuity, Mizuho, Roth Capital, Stephens & Co., BTIG, Baird, HSBC, CICC, Exane BNP Paribas, HSBC, Piper Sandler, HSBC, Scotiabank, BTIG, Guggenheim, Redburn Atlantic, Piper Sandler
Latest settled — T+20d
CRWD ▲ +19.72% at T+20d
NEUTRAL call ✓ call won +19.72% · α vs SPY +7.12% · entry $380.06 → $454.99
Next anchor: T+60d in 15d
Last close $658.79 (close Jun 8) · +73.34% from $380.06 entry
Entry anchored
Mar 30, 05:01 AM ET
via Databento tick
T+1d
+2.72%
call +2.72% · α -0.17%
$390.41
settled 2mo ago
T+5d
+11.36%
call +11.36% · α +7.06%
$423.23
settled 2mo ago
T+20d
+19.72%
call +19.72% · α +7.12%
$454.99
settled 6w ago
T+60d
call — · α —
in 15d

Price Chart

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Executive Summary

Wolfe Research upgraded CrowdStrike from Peer Perform to Outperform on March 30, 2026, with a $450 price target — just 0.95% above the current $445.75. The call is part of a massive 34-firm analyst cluster, the largest single-day consensus event for the stock in over two years. Consensus remains overwhelmingly bullish: 75% of 61 analysts rate CRWD a Buy, with a mean target of $491.72 (10.3% upside). Wolfe's PT is 8.5% below the mean, making it one of the most conservative upgrades in the group. However, the firm’s accuracy is only 52% on 451 calls, below top-tier peers like Evercore ISI (88%). Insider CEO George Kurtz sold over $250K in late April, and short interest sits at 59% of float — a strong bearish overhang. With earnings due June 1, the cluster suggests a near-term catalyst, but the divergence between bullish analyst sentiment and insider/short signals warrants caution.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
46 (75%)
Hold
14
Sell / Strong Sell
1
Total Analysts
51
Mean PT
$491.72
Median PT
$500.00
High PT
$706.00
Low PT
$368.00
Current Price
$445.75
Implied Upside
+10.3%

Of 61 analysts covering CRWD, 46 rate it Buy (13 Strong Buy, 33 Buy), 14 Hold, and 1 Sell — a 75% bullish consensus. Wolfe's Upgraded rating aligns with the majority, but its $450 PT is the most conservative among the buy-rated firms.

The mean price target is $491.72 (10.3% upside from $445.75), median $500 (12.2% upside), high $706, low $368. Wolfe's $450 PT sits 8.5% below the mean, indicating a cautious stance relative to the bullish consensus.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-27 Mizuho upgrade Outperform $520.00
2026-04-21 Keybanc upgrade Overweight $525.00
2026-03-30 Wolfe Research upgrade Outperform $450.00
2026-03-17 RBC Capital reiterate Outperform $550.00
2026-03-10 Morgan Stanley upgrade Overweight $510.00
2026-03-05 Citigroup maintain Buy $525.00
2026-03-04 DA Davidson maintain Buy $455.00
2026-03-04 Macquarie maintain Neutral $400.00
2026-03-04 Evercore ISI Group maintain In-Line $395.00
2026-03-04 BNP Paribas maintain Neutral $400.00

Analyst momentum is positive: 2 upgrades and 0 downgrades in the last 30 days. EPS revisions for the current quarter are mixed — 17 up and 18 down in 30 days — with the Q0 EPS estimate essentially flat at $1.0675.

Firm Track Record — Wolfe Research

Wolfe Research accuracy: 52% on 451 calls | avg return: 4.4%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
B of A Securities 100% 3/3 4.8% top tier
Evercore ISI Group 88% 7/8 8% top tier
Bernstein 83% 5/6 15.9% top tier
Citigroup 80% 4/5 9.3% top tier
WestPark Capital 78% 7/9 11.6% top tier
Jefferies 78% 7/9 15.7% top tier
Piper Sandler 73% 8/11 3.7% top tier
Wedbush 69% 9/13 13.1% top tier
UBS 67% 4/6 8.6% top tier
BMO Capital 67% 6/9 8.2% top tier

Wolfe Research has a 52% accuracy rate on 451 CRWD-rated calls with an average return of 4.4%, ranking mid-tier. Top performers include Evercore ISI (88% on 8 calls, avg return 8%), Bernstein (83% on 6 calls, avg return 15.9%), and B of A Securities (100% on 3 calls, avg return 4.8%).

Earnings Estimates

Next earnings: Jun 1, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0y $4.85 $4.76 — $5.00 $5.9B ↑0 ↓0
+1y $6.17 $5.60 — $7.74 $7.2B ↑0 ↓0
0q $1.07 $1.05 — $1.08 $1.4B ↑0 ↓0
+1q $1.16 $1.03 — $1.21 $1.4B ↑0 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 5 sells
Congressional
Gilbert Cisneros (democrat) — buy $1,001 - $15,000
Institutional
TWO SIGMA INVESTMENTS, LP — doubled (576.4%)
Institutional
NORGES BANK — new
Institutional
NORGES BANK — exit (-100%)
Short Interest
Short: 790,122 | Exempt: 1,071 | TRF Vol: 1,339,104 | Short Ratio: 59.0% | Off-exchange volume (dark pool + OTC)

Insider CEO George Kurtz sold over $250K in shares across five transactions April 23–28, a strong bearish signal. Congressional activity shows one buy from Rep. Gilbert Cisneros (D-CA) on March 13. Institutional changes are mixed: Norges Bank initiated a $1.7B position then exited, while Two Sigma doubled then nearly exited. Short interest is elevated at 59% of float, reflecting heavy bearish positioning.

Actionable Insight

The 34-firm analyst cluster is a powerful bullish signal, but the combination of conservative price targets, CEO insider selling, and 59% short interest demands caution. Traders should wait for a catalyst — such as earnings on June 1 or a breakout above $450 — before committing capital.

Documents Analyzed

Report based on filing metadata.

32 reports for CRWD
Performance horizon
60% Hit rate 3 of 5 directional calls best @ T+20▲ +47.72%Apr 27, 2026
Filters
Rows
Reports for CRWD — sortable, filterable
Type Now
Jun 10, 2026
today
Insider Cluster
NEUTRAL ★ 2/10
awaiting T+1
Jun 6, 2026
4d ago
Insider Cluster
NEUTRAL ★ 2/10
$696.74 awaiting T+1awaiting T+1$658.79 (−5.45%)
Jun 6, 2026
4d ago
144
NEUTRAL ★ 2/10
$696.74 awaiting T+1awaiting T+1$658.79 (−5.45%)
Jun 5, 2026
4d ago
144
NEUTRAL ★ 3/10
$680.05 awaiting T+1awaiting T+1$658.79 (−3.13%)
Jun 3, 2026
6d ago
Insider Cluster
NEUTRAL ★ 2/10
$719.09 $671.02▼ −6.68%▼ −4.11%$658.79 (−8.39%)
Jun 3, 2026
6d ago
Insider Cluster
NEUTRAL ★ 2/10
$719.09 $671.02▼ −6.68%▼ −4.11%$658.79 (−8.39%)
Jun 3, 2026
6d ago
8-K
BULLISH ★ 7/10
$719.09 $671.02▼ −6.68%▼ −4.11%$658.79 (−8.39%)
May 31, 2026
9d ago
ANALYST-UPGRADE
MIXED ★ 2/10
$380.06 $390.41▲ +2.72%▼ −0.17%$658.79 (+73.34%)
May 30, 2026
11d ago
Insider Cluster
NEUTRAL ★ 2/10
$782.17 $768.95▼ −1.69%▼ −1.84%$658.79 (−15.77%)
May 28, 2026
13d ago
Insider Cluster
NEUTRAL ★ 2/10
$671.00 $731.00▲ +8.94%▲ +8.70%$658.79 (−1.82%)
Showing 10 of 32

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