CrowdStrike Share Price (CRWD.US)

After taking a slight breather and some profit taking earlier this week which saw the SP fall 5% from $675 to $640, its relentless climb has continued today bringing about a gain of almost 70% in 5 weeks.

My last venture here lasted for 6 months buying at $310 and selling at $419 in April Last year however getting back in last month has already been far more profitable. Last time 1 sold a bit too early, but had to due to a house move. This time it was well off its highs and just above where I had sold last year, and with the AI issues arising it was a no brainer.

The big question now is, “When should I realise my profits?”

CrowdStrike and Google took down botnet used by hackers to target open source software developers

Cybercriminals used the Glassworm botnet to infect open source software projects with malware, and in turn hack the developers and companies that use that software.

CrowdStrike, working with Google and Shadowserver, which scans and monitors the internet for cyberattacks, took down a botnet that cybercriminals used to push malware and steal passwords from open source software developers.

The takedown operation had the goal of disrupting the activities of the cybercriminals behind the so-called Glassworm botnet, who have been targeting the broader open source software supply chain for two years, according to CrowdStrike.

In recent months, several hacking groups have targeted developers and open source projects to push malicious software to companies and organizations who in turn use that software. These attacks can be effective because they exploit the trust that companies put into code that’s hosted on platforms like GitHub, and the workers behind that code.

“Adversaries are no longer just targeting products, they’re targeting the developers who build them,” CrowdStrike wrote in its report about the takedown operation. “Developers represent uniquely high-value targets: compromising a single developer’s workstation can cascade into a supply-chain compromise that impacts thousands of downstream organizations and users.”

The Glassworm hackers used several strategies to push out their malicious code. This included publishing malicious extensions on a marketplace used by developers; malvertising — where hackers pay for sponsored search results that trick victims into downloading malware; and using credentials stolen in previous hacks, which allowed the hijacking of developer accounts and the planting of malware in their code.

In the end, the hackers were able to poison — as CrowdStrike put it — more than 300 GitHub code repositories.

CrowdStrike said it was able to take down four command-and-control channels used by the Glassworm hackers, which cut the hackers’ access to infected computers and stopped them from delivering more malware.

The command-and-control servers relied on the Solana blockchain, the BitTorrent peer-to-peer network, Google Calendar, and virtual private servers, according to CrowdStrike.

It’s not clear on what legal or technical authority CrowdStrike and others operated under to take down the operation. When asked by TechCrunch, CrowdStrike spokesperson Kirsten Speas declined to comment beyond the company’s blog.

Last week, hackers compromised several open source projects that pushed out malicious updates in a different hacking campaign that was called “Mini Shai-Hulud.” At least two OpenAI developers were compromised by this group of hackers. In another supply chain attack in March, a suspected North Korean hacker hijacked the popular open source software development tool Axios, which is used by millions of developers

The Risks and Rewards Investors Should Consider

⚠️ Execution risk if customers are slow to

adopt a combined technical and insurance model for AI-related risk, which could leave QuiltWorks underused relative to its ambition.

⚠️ Competitive and reputational risk if rival platforms from companies such as Palo Alto Networks or Cloudflare launch alternative insurer-backed offerings that win more traction with brokers and large enterprises.

🎁 Deeper integration with insurers could make CrowdStrike’s data and workflows more embedded in renewal and underwriting conversations, which may support stickier customer relationships across the Falcon platform.

🎁 Positioning Falcon as the central system for detecting, prioritizing, remediating, and financially modeling frontier AI risk may help differentiate CrowdStrike in buyers’ eyes when security and risk teams evaluate multi-vendor stacks.

What To Watch Going Forward

Investors may want to watch how frequently QuiltWorks is referenced in customer wins, large enterprise deals, and insurer programs, and whether insurers publicly frame it as a reference model for coverage requirements. It will also be important to track how QuiltWorks ties into other AI-focused efforts such as Charlotte AI, Next-Gen SIEM, and the Claude Compliance API integration, since the real test is whether these pieces operate as a unified system rather than as separate products. Competitive

How This Fits Into The CrowdStrike Holdings Narrative

Project QuiltWorks aligns with the existing narrative that CrowdStrike is leaning into AI-powered security and broader platform usage, extending that story into financial risk modeling and insurance partnerships.

The framework also raises expectations around execution, since the narrative already ties a lot of value to emerging offerings and partnerships and QuiltWorks adds another complex, ecosystem-heavy initiative that needs adoption to justify the effort.

The explicit link between frontier AI models from OpenAI and Anthropic, insurer underwriting data, and claims feedback loops is not fully reflected in the existing narrative, which focuses more on Falcon Flex, core modules, and cloud marketplaces.

CrowdStrike Holdings (NasdaqGS:CRWD) is expanding Project QuiltWorks, a collaboration between the company and leading cyber insurers focused on frontier AI risk.

The initiative connects technical vulnerability discovery, remediation workflows, and insurance-driven financial risk mitigation in a single model.

This expansion introduces an industry-first approach that links actuarial intelligence with coordinated security response for AI related cyber exposures.

CrowdStrike, best known for its cloud delivered cybersecurity platform, is moving further into the intersection of AI security and cyber insurance with the broader rollout of Project QuiltWorks. As AI systems are embedded more deeply into business operations, companies and insurers are trying to understand not only how to detect AI centric vulnerabilities, but also how to quantify and transfer the related financial risk.

For investors tracking NasdaqGS:CRWD, the expanded QuiltWorks initiative highlights a push to connect technical security data with real world insurance terms and coverage design. For corporate buyers, this could influence how AI risk programs are structured, from tooling selection to incident response and policy limits, as insurers and security vendors work from a shared view of AI related exposures.