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One of the leading cybersecurity companies, CrowdStrike Holdings (CRWD), is known for its numerous products that protect not only individual customers, but also large businesses and governments. CrowdStrike has aided the U.S. government in uncovering and charging criminals in various hacking cases, such as the charging of five Chinese military hackers in 2014, but also helped with linking North Korea to the famous Sony Pictures hack in 2015.
Founded in 2011, the company is currently led by one of its co-founders, George Kurtz. CrowdStrike’s Chief Security Officer, Shawn Henry, has been with the company since 2012 and was formerly an Executive Assistance Director at the FBI.
CrowdStrike’s main product is the CrowdStrike Falcon, which uses artificial intelligence to detect and prevent possible threats from hackers and other sorts of data breaches. The product is constantly fed data about cybersecurity and other threat intelligence, allowing the program to fight both malware and non-malware related attacks on a variety of devices.
The CrowdStrike Falcon is also hosted on the cloud – which eliminates the need for customers to purchase hardware or other implementation devices.
CrowdStrike is a rapidly growing company, and following its IPO in mid-2019 at a price of $34, the stock hit a peak of over $280 during the pandemic. Much as we saw with Align Technology (ALGN), insiders of CrowdStrike were consistently selling stock, including Ms. Austin. The sales continued throughout 2021, and well into 2022, as seen in the screenshots below: