Shares of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) are quietly regaining their footing after a choppy few months. The stock is up roughly 35% over the past year but down about 17% from its all-time high in November. That pullback may look a little dodgy at first glance, but it has done little to damage the broader trend that has underpinned CrowdStrike’s rally for much of the past eighteen months.
Importantly, the recent weakness has not been driven by any fundamental breakdown. There was no earnings miss, no guidance cut, and no negative shock to the business. Instead, the slump appears to have been the result of fairly routine profit-taking after a strong run. As we move deeper into the new year, there are signs suggesting the bulls are already back in control, and the next leg of the rally is about to begin.
