Wells Fargo Maintains Equal-Weight on Check Point Software Tech, Lowers Price Target to $130

Shares of cybersecurity-related companies are trading higher amid sympathy with Crowdstrike and Okta after those companies reported better-than-expected financial results and raised their respective guidance metrics above estimates.

CRWD and OKTA

Shares of software companies are trading higher, possibly amid broader market strength as promising economic data and easing oil prices reduce rate-hike concerns. Reports suggesting Silver Lake is in talks to acquire Workday may be lifting related peers.

Check Point CRO Sherif Seddik Liquidates 29% of Holdings for $1.3 Million After the Stock's 36% Decline

Check Point Software Technologies' Chief Revenue Officer Sherif Seddik sold 10,272 shares (29% of his direct holdings) for approximately $1.3 million on August 4, 2026, at a weighted average price of $123.59. The sale occurred after the stock declined 36% over the preceding 12 months. Despite the sale, Seddik retains 24,675 shares worth ~$3.1 million and continues to hold restricted share units vesting through 2029.

$130 Million Coldcard Hack Puts Cybersecurity ETFs on Investors' Radar

The Coldcard Bitcoin wallet hack is renewing interest in cybersecurity ETFs as rising crypto attacks strengthen demand for digital security solutions.