CrowdStrike Holdings Inc. (NASDAQ:CRWD) said Monday its board has approved an additional $500 million for its share repurchase program, lifting the total authorization to $1.5 billion.

Boosts Share Buyback

The company has already repurchased 413,130 shares of its Class A common stock at an average price of $364.57 per share, totaling $150.6 million under the existing program.

“We repurchased $150.6 million of shares following our record Q4 FY26, as we see a growing disconnect between our improving momentum fueled by AI tailwinds and our current valuation,” said Burt Podbere, CrowdStrike’s CFO.

“We have increased our share repurchase authorization to $1.5 billion to opportunistically return value to shareholders as we progress toward our goal of reaching $20 billion in ending ARR by FY36.”

Recent Earnings

Last month, CrowdStrike reported fourth-quarter results that topped Wall Street expectations. Revenue rose to $1.31 billion, slightly ahead of analyst estimates of about $1.30 billion, according to Benzinga Pro. Adjusted earnings came in at $1.12 per share, ...