Gold prices steady ahead of Fed decision; weekly weakness noted
Michael Sentonas, President of CrowdStrike Holdings, Inc. (NASDAQ:CRWD), recently sold a significant portion of his holdings in the cybersecurity company. According to a Form 4 filing with the Securities and Exchange Commission, Sentonas sold a total of 13,543 shares of Class A common stock on March 21, 2025. The sales were executed at prices ranging from $354.12 to $358.70 per share, resulting in a total transaction value of approximately $4.86 million. The stock has shown remarkable strength, gaining nearly 37% over the past six months, with the current market capitalization reaching $95.4 billion.
The transactions were conducted to cover tax withholdings due on the vesting of restricted stock unit awards, as required by the company’s administrative policies. Following these sales, Sentonas retains ownership of 405,308 shares of CrowdStrike’s stock.
CrowdStrike, based in Austin, Texas, is a leading provider of cybersecurity solutions. The company’s shares are traded on the NASDAQ under the ticker symbol CRWD.
In other recent news, CrowdStrike Holdings has made significant strides with its Falcon platform, achieving Federal Risk and Authorization Management Program (FedRAMP) High Authorization. This allows U.S. federal agencies to use the platform to protect sensitive data, underscoring its compliance with stringent security standards. Additionally, Truist Securities maintained its Buy rating on CrowdStrike, with a steady price target of $460, following discussions with the company’s CFO. The analyst from Truist highlighted the company’s expanding module offerings and the adoption of Falcon Flex (NASDAQ:FLEX), which are contributing to larger contracts and vendor consolidation.
CrowdStrike has also introduced a Network Vulnerability Assessment feature to its Falcon Exposure Management suite, integrating AI-driven risk prioritization for network devices. This development aims to modernize vulnerability management by focusing on adversary behavior. In collaboration with NVIDIA (NASDAQ:NVDA), CrowdStrike has enhanced its AI capabilities, doubling detection triage speed while reducing compute resources. This partnership explores advanced reasoning models to bolster cybersecurity operations.
Furthermore, CrowdStrike has partnered with Arrow Electronics (NYSE:ARW) to distribute its Falcon platform across North America. This agreement aims to enhance security measures for Arrow’s channel partners by providing access to advanced AI-native cybersecurity technology. These recent developments demonstrate CrowdStrike’s ongoing efforts to strengthen its cybersecurity offerings and expand its market presence.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.