We're booking profits in a once-hated stock that's gone parabolic

We are selling 25 shares of CrowdStrike at roughly $622.93. Following the trade, Jim Cramer's Charitable Trust will own 220 shares of CRWD, decreasing its weight in the portfolio to 3.6% from 4%. We are selling more of this best-of-breed cybersecurity company as shares continue their historic rise to new record highs. Tuesday's rally marked the stock's ninth straight positive session, a run that has lifted shares roughly 33%. If you go back to the beginning of April, shares have rallied roughly 60%. The move was a long time coming for CrowdStrike, which, along with fellow Club cybersecurity vendor Palo Alto Networks , had a rough start to 2026 on concerns that AI will disintermediate their business. That incorrect thesis has become a thing in the past. Looking forward, these "parabolic," or "exponential," moves in the stock have us cautious, and we are locking in big gains into this strength. As we've seen with many parts of the AI hardware and infrastructure trade over the past two weeks, these big, fast moves can get too hot and overextended in the short term, leading to sharp drops once things cool down. We trimmed CrowdStrike on Monday, too. From this sale, we will realize an average gain of 102% on stock purchased in November 2024. (Jim Cramer's Charitable Trust is long CRWD and PANW. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.