The analysts concluded that CrowdStrike's stock had gotten ahead of itself in terms of valuation and competition was heating up in the red-hot cybersecurity space. CrowdStrike didnt reportany earnings during the month but fell along with many high-multiple growth stocks amid fears of higher inflation and interest rates. Additionally, late-month Federal Reserve Congressional hearings saw Chairman Jay Powell declare inflation might not be as transitory as first thought and interest-rate hikes may come sooner than expected.