크라우드스트라이크CRWD

Business Snapshot

• CrowdStrike Holdings, Inc. Class A common stock (NASDAQ: CRWD) is a US-listed common equity, not an ETF, ADR, warrant, or unit.
• The payload does not provide sector, industry, revenue, valuation multiples, guidance, analyst targets, or product-level operating metrics.
• Current price: $206.74. Over the latest 200 daily bars, price rose from $124.54 to $206.74, a 66.0% gain, with a recorded high of $233.88 and low of $85.68.
• The supplied financial data indicates a cash-generative business with still-negative operating income in the latest two reported quarters, although net income has recently turned positive.

Financial Trends

• Revenue: Revenue is not included in the payload, so revenue growth and its period-over-period trajectory cannot be assessed.
• Gross profit: Gross profit increased from $926.4 million on 2025-10-31 to $1.043 billion on 2026-04-30 and then to $1.097 billion on 2026-07-31. The latest quarter rose $53.5 million, or 5.1%, versus Q2. The annual-period comparison is not strictly like-for-like because the 2026-01-31 figure is presented as a fiscal-year total of $3.593 billion, rather than a quarterly figure.
• Operating income: Operating losses narrowed from -$69.4 million on 2025-10-31 to -$30.6 million on 2026-04-30, then deteriorated slightly to -$33.2 million on 2026-07-31. Q3 was $2.6 million worse than Q2, but the loss was still $36.2 million narrower than the 2025-10-31 loss. The 2026-01-31 operating-income figure of -$293.3 million is also presented as a fiscal-year total and is not directly comparable with quarterly figures.
• Net income: Net income improved from -$34.0 million on 2025-10-31 to $27.8 million on 2026-04-30, then declined to $5.3 million on 2026-07-31. Thus, Q3 remained profitable but fell $22.5 million, or 80.9%, versus Q2. Compared with 2025-10-31, the latest result improved by $39.3 million.
• EPS: Diluted EPS moved from -$0.14 to $0.11, then to $0.01 across the comparable quarterly entries. The payload shows a large diluted-share figure of 1.044 billion in the latest period versus 257.9 million in the prior period; this makes EPS comparisons potentially affected by share-count presentation or corporate-action effects.
• Cash from operations: Operating cash flow was $1.114 billion on 2025-10-31, $1.613 billion on 2026-01-31, $590.9 million on 2026-04-30, and $1.121 billion on 2026-07-31. Latest-quarter cash generation increased $530.3 million, or 89.7%, versus Q2, but was $6.7 million, or 0.6%, above the 2025-10-31 level.
• Free cash flow: FCF followed a similar pattern: $914.8 million, $1.310 billion, $493.3 million, and $899.2 million across the four periods. Q3 FCF rose $405.9 million, or 82.3%, versus Q2, but was $15.7 million, or 1.7%, below the 2025-10-31 figure. The latest cash-flow inflection is positive sequentially, though not an acceleration versus the earliest supplied period.
• Capital expenditures: Capex increased from $199.6 million on 2025-10-31 to $222.0 million on 2026-07-31, with a latest-quarter increase of $124.4 million, or 127.5%, versus Q2. Higher investment partly explains why FCF did not exceed the 2025-10-31 level despite stronger operating cash flow.
• Cash and equivalents: Cash declined from $5.230 billion on 2026-01-31 to $4.553 billion on 2026-04-30, then recovered to $5.014 billion on 2026-07-31. Latest cash increased $461.0 million, or 10.1%, versus Q2, but remained $216.3 million, or 4.5%, above 2025-10-31.
• Debt: Long-term debt was essentially stable, rising from $745.1 million on 2025-10-31 to $746.2 million on 2026-07-31. Debt therefore held steady while equity expanded.
• Equity and leverage: Shareholders’ equity rose from $4.016 billion to $5.102 billion, an increase of $1.085 billion, or 27.0%, over the four supplied periods. Debt-to-equity declined from 0.19 to 0.15, indicating improving balance-sheet leverage.
• Liquidity: The current ratio fell from 1.81 to 1.57, and working capital decreased from $2.919 billion to $2.525 billion over the four periods. Liquidity remains positive, but the trend is weaker than the equity and debt trajectory.

Financial Health

• The latest period presents a mixed but generally resilient financial profile: $5.014 billion of cash, $746.2 million of long-term debt, positive $2.525 billion of working capital, and a 1.57 current ratio.
• Cash generation is the strongest positive signal in the latest quarter. Operating cash flow nearly doubled sequentially to $1.121 billion, while FCF rose to $899.2 million.
• Profitability is less settled. Net income was positive at $5.3 million, but operating income remained negative at -$33.2 million, and net income dropped sharply from Q2’s $27.8 million.
• The balance sheet is improving in leverage terms: equity increased while long-term debt was nearly unchanged, reducing debt-to-equity from 0.19 to 0.15.
• The main caution is that current assets and working capital have not followed a consistent upward path. Current assets were $6.955 billion in the latest period, below $7.419 billion on 2026-01-31, while current liabilities increased from $3.600 billion to $4.430 billion over the four periods.
• Retained earnings remained negative but improved from -$1.300 billion to -$1.250 billion, a $50.0 million improvement. Overall, liquidity and cash generation support financial durability, but operating profitability has not yet demonstrated a clean, sustained inflection.

Insider Activity

• Insider sentiment for 2026-06-14 through 2026-09-12 was Neutral (-10), but the underlying transaction flow was entirely one-sided: $43.20 million of sales across 201 transactions and no reported buys.
• Recent disclosed activity shows repeated sales by CEO George Kurtz at prices broadly between the high-$180s and low-$230s, including sales during September at approximately $205-$229.
• Sameer K. Gandhi also reported September sales, including transactions around $213-$229.
• The scale and repetition of selling are a near-term caution signal, particularly because the data contains no offsetting insider purchases.
• Insider sales alone do not establish a bearish fundamental conclusion; the payload does not specify whether transactions were discretionary, scheduled, tax-related, or equity-compensation-related. Still, the absence of buys and the cumulative net selling argue against treating insider activity as a bullish confirmation.

Multi-Timeframe Technical Context

• Only daily technical data is provided. Minute- and intraday-hour indicators are unavailable, so ultra-short-term signals must be inferred from the daily setup rather than directly measured.
• Ultra-short horizon — minutes: The current price of $206.74 is below the session high of $233.88 and close to the daily moving-average cluster: EMA-12 $209.41, EMA-26 $207.06, and SMA-20 $207.51. This suggests a currently contested area rather than a confirmed breakout. Intraday confirmation would require data that is not supplied.
• Short horizon — hours to days: RSI-14 is 56.12, indicating modestly positive momentum without an overbought reading. RSI-21 is lower at 45.34, showing weaker medium-length momentum. MACD is 2.341, below its 3.2348 signal line, a bearish momentum configuration despite price remaining above the 50-day averages.
• Price is above the 50-day EMA of $199.26 and 50-day SMA of $202.58, supporting a constructive short-term trend. However, price is slightly below the 20-day SMA of $207.51 and EMA-26 of $207.06, creating immediate overhead resistance.
• The Bollinger Band structure places the upper band at $233.05, middle band at $207.51, and lower band at $181.98. Current price is just below the middle band and materially above the lower band.
• Current volume of 6.65 million is below the 20-day average of 10.39 million, or approximately 36.0% lower. A move through resistance without stronger volume would have weaker confirmation.
• Long horizon — weeks to months: The 200-bar gain of 66.0% and price above the $144.12 200-day SMA indicate a substantially positive longer-term trend. Nevertheless, the price is about 11.6% below the recorded 200-bar high of $233.88, and the MACD/signal relationship indicates that long-term strength is currently undergoing momentum consolidation rather than uninterrupted acceleration.

Bull / Bear Cases

• Short-term bull case:
  • Price holds the $202.58-$207.51 moving-average zone and reclaims $209-$210, where the short-term EMAs are located.
  • RSI-14 remains above 50 and volume expands toward or above the 10.39 million 20-day average.
  • A sustained move above the upper resistance area could reopen the path toward the recorded high near $233.88 and Bollinger upper band near $233.05.
• Short-term bear case:
  • Failure to hold the $199.26-$202.58 50-day average zone would weaken the recent uptrend.
  • MACD remains below its signal, and low volume may indicate limited buying conviction.
  • Continued insider selling could add supply pressure. A deeper technical retracement would bring the $181.98 lower Bollinger Band into focus.
• Long-term bull case:
  • FCF remains substantial at $899.2 million in the latest period, with sequential improvement of 82.3%.
  • Cash has recovered to above $5 billion, long-term debt is stable near $746 million, and debt-to-equity improved to 0.15.
  • The stock remains well above its $144.12 200-day SMA, and the 200-bar price trend is strongly positive.
  • A sustained transition from negative operating income to consistent operating profitability would strengthen the fundamental case, although that transition is not yet demonstrated in the supplied periods.
• Long-term bear case:
  • Operating income remains negative in both latest quarterly entries, and latest net income fell 80.9% sequentially.
  • Revenue and operating-margin data are missing, preventing confirmation that cash-flow strength is being supported by accelerating underlying sales and profitability.
  • Current ratio and working capital have declined from the earliest supplied periods, while current liabilities increased.
  • Persistent insider selling totaling $43.2 million with no reported purchases may weigh on sentiment.
  • The stock’s strong prior appreciation leaves it vulnerable to a momentum reset if MACD weakness develops into a break below the 50-day averages.

Key Levels & Triggers

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