CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stock rose on Wednesday, outperforming a weaker technology sector.

The Nasdaq Composite fell 0.87%, while the S&P 500 declined 0.70%. The Technology sector was down about 1%, making CrowdStrike one of the stronger performers in the group.

Recent Updates

CrowdStrike said Wednesday it joined the OpenID Foundation and IDPro to support industry adoption of continuous, risk-aware identity security.

The company said it will contribute Falcon platform intelligence to open standards initiatives, including SSF and CAEP, to enable real-time access decisions as AI-driven threats evolve.

Recently, CrowdStrike reported first-quarter fiscal 2027 revenue of $1.39 billion and adjusted EPS of $1.10, topping analyst estimates. Annual recurring revenue rose 24% to $5.51 billion, while free cash flow reached $468.5 million.

The company raised its full-year revenue and earnings outlook, issued second-quarter guidance above expectations, and announced a 4-for-1 stock split effective July 2.

Technical Trend Remains Bullish

CrowdStrike continues to trade in a strong long-term uptrend.

The stock remains 24.4% above its 50-day simple moving average of $526.53 and 36.4% above its 200-day simple moving average of $480.39. A golden cross formed in May when the 50-day moving average moved above the 200-day moving average, reinforcing the stock’s positive intermediate-term trend.

Near-term momentum is more balanced. Shares trade 0.7% below the 20-day simple moving average of $659.59 but remain above the 20-day exponential moving average of $650.95.

The relative strength index, or RSI, stands at 53.81, indicating neutral momentum.

A key resistance level remains near $785.50, just below the stock’s 52-week high area.

Earnings And Analyst Forecasts In Focus

The company’s next expected earnings report is scheduled for Aug. 26, 2026.

Analysts expect earnings of 98 cents per share, up from 93 cents a year earlier. Revenue is projected to reach $1.44 billion, compared with $1.17 billion in the prior-year quarter.

CrowdStrike carries a consensus Buy rating and an average analyst price forecast of $713.70. Recent analyst actions include:

  • Macquarie maintained a Neutral rating and raised its price forecast to $660 on June 4.
  • UBS maintained a Buy rating and increased its price forecast to $790 on June 4.
  • Citigroup maintained a Buy rating and raised its price forecast to $780 on June 4.

ETF Exposure Could Drive Additional Flows

CrowdStrike remains a major holding in several cybersecurity-focused exchange-traded funds.

The stock accounts for 8.29% of the First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR), 6.02% of the Amplify Cybersecurity ETF (NYSE:HACK), and 5.79% of the Global X Cybersecurity ETF (NASDAQ:BUG).

Because of those weightings, significant ETF inflows or outflows can create additional buying or selling pressure in CrowdStrike shares.

Price Action

CRWD Stock Price Activity: CrowdStrike Holdings shares were up 1.08% at $651.88 at the time of publication on Wednesday, according to Benzinga Pro data.