CrowdStrike Holdings Inc. (NASDAQ: CRWD) delivered a strong earnings report on Aug. 27. However, that wasn’t enough to slow down the sell-off in CRWD stock. As of Sept. 2, CrowdStrike stock is down 6.7% in the last five days, 7.6% in the last 30 days, and more than 13% in the last three months.
On the one hand, like many technology stocks, CRWD stock looked overvalued heading into earnings, so investors were prepared for the stock to drop on a miss or only a slight beat. That wasn’t the case with CrowdStrike.
