NEW 13F POSITION · CUBIST Institutional Filing Alert

Cubist Systematic Strategies (Point72 Quant) (Point72 Systematic & Quant Arm) opened a new position in CRWD (16.0% of 13F portfolio)

Form 13F-HR institutional holdings disclosure · Filed 2026-10-18

Cubist Holdings › All Filing Alerts › SEC Filing ↗

CRWD

CrowdStrike Holdings, Inc.

$268.02

+$6.19 (2.36%)Oct 27 close

Information TechnologyS&P 500 Compare Technicals

Model valuationLooks expensiveDCF base $92

1M 3M 6M 1Y 2Y

CRWDSPY

Wall St. Highest PT $325.00 (+21.3%) Wall St. Avg PT $246.15 (-8.2%)

Underwater Drawdown %Max DD -37.2%Current -3.9%

Relative Strength vs SPY+88.9% vs SPYOutperforming

+$40.65 (17.88%)

+$15.89 (6.30%)

+$86.22 (47.43%)

+$154.27 (135.63%)

YTD

+$150.83 (128.71%)

+$135.59 (102.39%)

Chart

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Ratings & dials

1m · 5m · 15m · 1h · 4h · 1D

Analyst & Morningstar ratings

Consensus · Targets · Morningstar

Wall Street analyst consensus

Buy

53 analysts · mean score 1.70

1 = Strong Buy · 5 = Sell

Strong Buy3057%

Buy1019%

Hold1223%

Underperform12%

Sell00%

Wall Street consensus · as of Oct 22, 2026

Analyst price targets

Current price$268.02

Average target$246.65

−$21.37 (−8.0%) downsideaverage target vs current price

CurrentAverageMedian

Low$132.00

Median$250.00

High$325.00

12-month Wall Street target range · as of Oct 22, 2026

Recent analyst rating changes · 8

Reiterated

2026-10-16 · Keybanc reiterated Overweight on CRWD

Reiterated

2026-10-15 · Citigroup reiterated Buy on CRWD

Reiterated

2026-10-14 · Freedom Broker reiterated Buy on CRWD

Reiterated

2026-10-14 · BTIG reiterated Buy on CRWD

Reiterated

2026-10-13 · Wells Fargo reiterated Overweight on CRWD

Reiterated

2026-10-09 · Needham reiterated Buy on CRWD

All analyst rating changes ›

Third-party ratings, not SURVYR.'s views.

Health check

Financial health

Safe zone

Altman Z-score 21.9

Above 2.99 is the safe zone, below 1.81 the distress zone.

Quality

Average

Piotroski F-score 4 of 9

See the tests

✗Positive net income
✓Positive operating cash flow
✗Return on assets improved
✓Cash flow above net income
✓Long-term debt / assets fell
✓Current ratio improved
✗No share dilution
✗Gross margin improved
✗Asset turnover improved

Computed by SURVYR. from the company's SEC filings (latest balance sheet Jul 31, 2026). Descriptive, not a forecast.

Key stats & company

Market value$245.1B

P/E (last 12 months)3,989.0

P/E (next 12 months, estimated)148.5

52-week range$85.68 – $286.99

Revenue growth (latest quarter vs a year ago)+25.8%

Dividend yieldNo dividend

Analyst consensusBuy (50)

Average analyst price target$246.15 (-8%)

What they do

CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform provides cloud-delivered protection of endpoints, cloud workloads, identity, and data through a software as a service (SaaS) subscription-based model. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management.

Technology · Software - Infrastructure

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Looks expensive

Model read-out from the numbers below, not advice. Score -4 (DCF counts double).

▼DCF (base case)below the price by 66%

▼Forward P/E vs sector148.5x vs median 17.3x

•Piotroski F-score4/9

▲Altman Z21.9 (safe)

▼Analyst target-8% (50 analysts)

Discounted cash flow

Bear

$46

-83%

growth 16% · disc. 11.2% · term. 2.0%

Base

$92

-66%

growth 27% · disc. 10.2% · term. 2.5%

Bull

$160

-40%

growth 34% · disc. 9.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 36% a year for 10 years.

Implied

+36%/yr

FCF, last 3 yrs

+23%/yr

FCF, last 5 yrs

+34%/yr

Revenue, last 3 yrs

+29%/yr

Revenue, last 5 yrs

+41%/yr

Same inputs as the DCF above: trailing free cash flow 1.6B, 10.2% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.20 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.4× · 99th pct

3,989.0×
pricier

Forward P/E

sector median 17.3× · 99th pct

148.5×
pricier

EV / EBITDA

sector median 20.3×

–

Price / sales

sector median 4.8× · 99th pct

45.4×
pricier

Price / book

sector median 5.2× · 96th pct

48.0×
pricier

FCF yield

sector median 3.6% · 13th pct

0.7%
pricier

Forward EPS $1.61 vs trailing $0.06 (+2585% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$10.7B

as of 2026-07-31

vs a year ago

+49%

YoY

× TTM revenue

1.98×

coverage

24-10

25-01

25-04

25-07

25-10

26-01

26-04

26-07

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

75.2%

Operating margin

-2.5%

FCF margin

29.8%

Net margin

0.8%

Return on equity

0.9%

Return on invested capital

-15.9%

Net debt / EBITDA

–

Current ratio

1.6×

Interest cover

-5.0×

Cash conversion (OCF/NI)

44.8×

Piotroski F-score 4/9 · last two fiscal years

✗ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score 21.9 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$246

-8%

Analysts

Buy

Range

$132–$325

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2026	$4.8B	$-162.5M	$1.3B
2025	$4.0B	$-15.2M	$1.1B
2024	$3.1B	$72.2M	$989.7M
2023	$2.2B	$-183.2M	$706.0M
2022	$1.5B	$-234.8M	$462.6M
2021	$874.4M	$-92.6M	$303.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +29.0%.

For information only · Important disclosures

Grades vs sector

Momentum

81st percentile in sector

A-

12-1 return: +95.0%
Percentile within its GICS sector across the S&P 1500.

Growth

70th percentile in sector

Revenue growth (YoY): +25.8%
Percentile within its GICS sector across the S&P 1500.

Value

1st percentile in sector

Forward E/P: 0.7% · EBITDA/EV: 0.0%
Percentile within its GICS sector across the S&P 1500.

Profitability

12th percentile in sector

D-

Profit margin: +0.8% · Return on equity: +1.5%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Held by 1 of 7 live models: New Highs Growth.

New Highs Growth

4.0% of the book · ranked 21 of 589

Held Quality Growth

Outside this model's universe or screens

Momentum Top 15

ranked 26 of 499 · 12-month momentum 88.4%

Momentum Blend

Not in the current book

SURVYR. Barbell Momentum & T-Bill Shield

Outside this model's universe or screens

SURVYR. Physical AI Grid & Power

Outside this model's universe or screens

SURVYR. Long Book

Not in the current book

Why it's in the New Highs Growth #21 of 589

Qualified on Software, +0% from 52-week high, revenue +26% y/y, 12-1 momentum +89%. Ranked 21st of 589 at the 2026-09-30 rebalance.

What would knock it out: Drops out if it falls outside the top 25 at the next rebalance (Oct 30). In the latest preview (2026-10-27) it ranks 10th.

Earnings & events

CRWD earningsNext report in 34 days

Next report

Tue Dec 1, 2026Time not confirmed

EPS consensus$0.31 range $0.31–$0.33

Revenue consensus$1.5B 43 analysts

Last 4 quarters · EPS vs estimate

Aug 26, 2026$0.31est $0.29+6.4%Above estimates

Jun 3, 2026$0.28est $0.27+3.0%Above estimates

Mar 3, 2026$0.28est $0.28+1.6%In line with estimates

Dec 2, 2025$0.24est $0.24+2.0%In line with estimates

In line = within 1% of the estimate.

EstimateActual (beat)Actual (miss)

Quarterly revenue

Quarter	Revenue	YoY
2026-07-31	$1.5B	+25.8%
2026-04-30	$1.4B	–
2026-01-31	$1.3B	–
2025-10-31	$1.2B	–
2025-07-31	$1.2B	–

News & catalysts

More news

CrowdStrike vs. Fastly: Which Technology Stock Is a Better Buy in 2026?

Nasdaq · 12h ago

Can PANW Turn Frontier AI Defense Into a Key Growth Driver?

Zacks · 17h ago

Is Crowdstrike’s Rally a Sign of a Sustainable Shift Toward Increased AI Cybersecurity?

24/7 Wall St. · 19h ago

iShares Expanded Tech-Software (IGV) Sells $9.1 Million of Palantir on Friday

GuruFocus.com · 19h ago

How Bad Would Cooling AI Security Demand Be For CrowdStrike Stock?

Trefis · 20h ago

Rating changes

Reiterated

2026-10-16 · Keybanc reiterated Overweight on CRWD

Reiterated

2026-10-15 · Citigroup reiterated Buy on CRWD

Reiterated

2026-10-14 · Freedom Broker reiterated Buy on CRWD

Reiterated

2026-10-14 · BTIG reiterated Buy on CRWD

Reiterated

2026-10-13 · Wells Fargo reiterated Overweight on CRWD

Reiterated

2026-10-09 · Needham reiterated Buy on CRWD

Third-party analyst actions, not SURVYR.'s views. All rating changes

Insider trades

Kurtz George