TLDR
- CrowdStrike ($CRWD) stock is falling Monday, extending Friday’s losses after Anthropic launched Claude Code Security
- The new AI tool scans codebases for vulnerabilities, raising fears it could compete with established cybersecurity platforms
- CRWD is trading 16.8% below its 20-day SMA and 27% below its 100-day SMA
- Stifel cut its price target on CRWD to $480 from $600 ahead of March 3 earnings
- Analyst consensus remains Buy with an average price target of $560.09
CrowdStrike ($CRWD) is having a rough Monday. The stock is extending losses from Friday after Anthropic launched Claude Code Security, a new AI tool that scans codebases for security vulnerabilities.
CrowdStrike Holdings, Inc., CRWD
The tool is built on Anthropic’s Opus 4.6 model. Anthropic says it has already found hundreds of previously undiscovered vulnerabilities in open-source projects.
The launch spooked investors across the cybersecurity sector. Palo Alto, Cloudflare, GitLab, and Okta are all trading lower Monday morning alongside CrowdStrike.
The concern is straightforward: if AI-native tools can do what traditional cybersecurity platforms do, where does that leave the incumbents?
Anthropic frames Claude Code Security as a defensive tool — something that helps security teams find and patch bugs earlier, before attackers can exploit them. It’s positioned to work alongside development teams, not replace them.
But markets are not waiting around for clarity on how that plays out.
Technical Picture Looks Weak
The technicals are not doing CrowdStrike any favors right now. The stock is trading 16.8% below its 20-day SMA and 27% below its 100-day SMA.
CRWD is also sitting closer to its 52-week low than its high, and the stock is down 9.68% over the past 12 months.
The RSI sits at 35.43, in neutral territory. The MACD is at -14.46, above the signal line at -14.78, which is technically a bullish crossover — a small silver lining in an otherwise downbeat chart.
Key support is at $304.00, with resistance at $392.50.
Earnings on the Horizon
CrowdStrike reports fiscal Q4 earnings on March 3, which adds another layer of uncertainty to the mix.
Analysts expect EPS of 74 cents, down from $1.03 in the prior period. Revenue is projected at $1.30 billion, up from $1.06 billion.
The stock trades at a forward P/E of 480.2x, which leaves little margin for disappointment.
Stifel cut its price target on CRWD to $480 from $600 on Monday, citing its survey of 25 CrowdStrike resellers. The firm kept its Buy rating. The survey showed a second straight quarter of modest improvement in the percentage of resellers meeting expectations.
Barclays lowered its target to $550 on February 20, maintaining an Overweight rating. Truist Securities also cut to $550 on February 17, keeping a Buy.
Despite the target cuts, the analyst consensus remains Buy, with an average price target of $560.09 — well above where the stock is trading now.
Benzinga Edge data shows CrowdStrike with a Momentum score of 19.99, and short-, medium-, and long-term price trends all marked negative.
The stock is currently trading around $351.63, down 9.51% on the day.
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