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SUNNYVALE, Calif. — Burt Podbere, Chief Financial Officer of CrowdStrike Holdings, Inc. (NASDAQ:CRWD), recently sold shares worth approximately $4.8 million from his holdings in the company. The transactions, executed on March 21, 2025, involved the sale of multiple tranches of Class A common stock at prices ranging from $354.29 to $360.14 per share. The sales come as CrowdStrike’s stock has shown remarkable strength, posting a 36.76% return over the past six months, with the company maintaining healthy financials including a solid current ratio of 1.77 and moderate debt levels.
The sales were conducted to cover tax withholdings due on the vesting of restricted stock unit awards, as per CrowdStrike’s administrative policies. Following these transactions, Podbere’s direct ownership stands at 244,739 shares.
The stock sales were carried out in several trades, with the largest single transaction involving 4,014 shares at an average price of $360.14. Other notable sales included 3,914 shares at an average price of $357.05 and 2,723 shares at $358.19.
Podbere’s remaining shares include those held indirectly through various trusts, such as the Buttonwillow Trust and the Doris Trust, among others. The reporting person has disclaimed beneficial ownership of these trust shares except to the extent of his pecuniary interest.
CrowdStrike Holdings is a leading cybersecurity company, and its stock trades on the NASDAQ under the ticker symbol CRWD.
In other recent news, CrowdStrike Holdings, Inc. has made several notable announcements. The company reported that its Falcon platform has received the Federal Risk and Authorization Management Program (FedRAMP) High Authorization, allowing U.S. federal agencies to utilize its services for protecting sensitive data. Additionally, CrowdStrike introduced a new Network Vulnerability Assessment feature within its Falcon Exposure Management suite, aiming to modernize vulnerability management by integrating AI-driven risk prioritization.
The company also announced a strategic partnership with Arrow Electronics (NYSE:ARW) to distribute its cybersecurity solutions across North America, enhancing security measures for Arrow’s channel partners. In collaboration with NVIDIA (NASDAQ:NVDA), CrowdStrike has enhanced its AI capabilities, significantly improving threat detection and triage speed while reducing compute resource requirements. Truist Securities has maintained a Buy rating on CrowdStrike, with a price target of $460, following a meeting with the company’s CFO that highlighted the expanding range of modules and customer adoption of its Falcon Flex (NASDAQ:FLEX) offering.
These recent developments reflect CrowdStrike’s ongoing efforts to strengthen its position in the cybersecurity market and expand its reach through strategic partnerships and technological advancements.
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