CRWD - CrowdStrike stock falls after rival SentinelOne prices IPO

CrowdStrike (CRWD) shares are down 5% after competitor SentinelOne (S) priced its IPO at $26-29 per share, which would raise up to $928M at a potential $7.36B valuation.Cybersecurity names are moving broadly lower, pulling back from gains that followed the Colonial Pipeline and JBS ransomware attacks and government response to those attacks.Other cybersecurity names seeing red include FireEye ([[FEYE]] -0.5%), Palo Alto Networks ([[PANW]] -1.3%), and CyberArk ([[CYBR]] -2.6%).Background: CrowdStrike competitor SentinelOne to offer 32M shares in IPO at $26-$29 per share

For further details see:

CrowdStrike stock falls after rival SentinelOne prices IPO