Check Point CEO Files Form 144 to Sell $828M in Stock Following 15% Price Decline

Check Point Software Technologies Ltd. (CHKP:US) is a multinational cybersecurity leader headquartered in Tel Aviv and Redwood City, with a market capitalization of $20.18 billion. Known for its Infinity Platform, Check Point offers AI-powered threat prevention from endpoint to cloud. The company protects over 100,000 organizations globally and is recognized for its advanced email and phishing protection.

Major Insider Transactions

On July 28, 2025, CEO and founder Gil Shwed filed a Form 144 to sell 1.3 million shares at an average price of $218.29, generating approximately $828.4 million. The substantial scale of the proposed sale raised concerns, particularly given the timing—just as the company’s stock faced sharp downward pressure.

Earlier that week, on July 22, former executive Dorit Dor also submitted a Form 144 to sell 851 shares at $222.89, amounting to nearly $190,000. While modest in size, the filing added to the stream of insider activity during a period of investor sensitivity.

Stock Drops Nearly 15% Amid Acquisition Disappointment

Despite reporting a solid quarter, Check Point’s stock plunged almost 15% on July 30, significantly underperforming the broader market. The sell-off was largely driven by investor disappointment after Palo Alto Networks announced a $25 billion acquisition of Israeli peer CyberArk Software, bypassing Check Point as a potential target.

The market’s reaction highlights growing concerns that Check Point may be falling behind in the M&A-driven cybersecurity landscape, despite its strong fundamentals.

Strong Q2 2025 Financial Performance

Check Point reported a solid second quarter, with total revenue climbing 6% YoY to $665 million. Product and license revenues surged 12% to $132 million, while subscription revenues rose 10% to $298 million. Non-GAAP operating income reached $271 million, with EPS climbing 9% to $2.37. The company also reported a remaining performance obligation (RPO) of $2.4 billion, reflecting strong future demand.

Despite these solid results and analyst beats, investor focus shifted away from performance toward strategic positioning in a consolidating market.

Recognition in Innovation and AI-Driven Security

Amid the volatility, Check Point continued to receive industry praise. In GigaOm’s 2025 Anti-Phishing Radar Report, the company was named a Leader and Outperformer for its Harmony Email & Collaboration platform. The report credited Check Point’s Infinity AI Copilot and unified threat prevention capabilities as top-tier among 16 competitors.

Sustainability Commitment

The company’s 2024 ESG report outlined its role in sustainable digital transformation, citing over 3.9 billion threats blocked annually and emphasizing cybersecurity as a social good.

While Check Point’s financials and innovation pipeline remain solid, the combination of a high-profile Form 144 insider sale and exclusion from a major M&A deal has shifted investor focus. Going forward, the company’s ability to assert itself strategically and capitalize on growth in AI-driven security will be critical to rebuilding market confidence and sustaining long-term momentum.