Ed Lin

Alphabet exited its investment in cybersecurity firm CrowdStrike in the second quarter.

CapitalG, Alphabet's independent growth fund, sold its remaining 74,230 CrowdStrike shares in the second quarter, according to a form that Alphabet filed with the Securities and Exchange Commission.

"CrowdStrike is a remarkable company and a pioneer in cloud security," said Gene Frantz, general partner, CapitalG, in an emailed statement. "CapitalG first invested in 2015, leading CrowdStrike's Series C financing, and we continued to invest in the company in subsequent years. We continue to have deep conviction in [CrowdStrike CEO and founder] George Kurtz, and the company's exceptional leadership."

CapitalG had slashed its CrowdStrike position in the first quarter, selling 353,665 shares to end March with 74,230 shares.

CrowdStrike had an outage in July 2024 that paralyzed millions of personal computers worldwide. It was caused by a bug in a quality-control tool the company uses that allowed a critical flaw to be pushed to devices running Microsoft Windows. CrowdStrike shares tumbled in the wake of the incident.

This year, however, CrowdStrike stock has more than recovered. In the first six months of 2025, shares soared 49%, far outstripping the S&P 500's 5.5% gain. So far in the third quarter, through Friday's close, CrowdStrike stock has dropped 12%, while the index has been flat.

Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at ed.lin@barrons.com

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August 04, 2025 14:34 ET (18:34 GMT)

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