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CrowdStrike announces $500M increase to share repurchase program

CrowdStrike (CRWD) announced that CrowdStrike’s Board of Directors has authorized the repurchase of up to an additional $500 million of CrowdStrike’s Class A common stock to its existing stock repurchase program, bringing the total authorization under the program to $1.5 billion. Under its existing share repurchase program, CrowdStrike has repurchased 413,130 shares of its outstanding Class A common stock at an average price of $364.57 per share, for an aggregate purchase price of $150.6 million.

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