Overview
- CrowdStrike completed the 4-for-1 split on July 2, giving shareholders four shares for each one they held and reducing the pre-split price of about $773 to roughly $193 per share.
- Following the June 3 split announcement, the stock has climbed about 8% and it rose roughly 2% to about $196 on the day the split took effect, leaving the shares up about 66% year to date on a split-adjusted basis.
- The split comes after a beat-and-raise quarter in early June when CrowdStrike reported $1.39 billion in revenue (up 26%), GAAP net income of $28 million versus a prior-year loss, a roughly 32% jump in net new ARR, and record free cash flow.
- Analysts and some investors caution that valuation remains high with a trailing P/E near 401 and a forward P/E around 39, and filings showed a preplanned 10b5-1 share sale by CEO George Kurtz that market watchers noted.
- What matters next is whether bookings, net new ARR cadence and margins sustain the AI and cloud-driven momentum; the split may broaden retail buying but could also add short-term volatility as traders take profits.