Cathie Wood-led ARK Investment Management bought over 39,000 shares of cybersecurity technology company Crowdstrike Holdings Inc at an estimated valuation of over $4.6 million on Wednesday.
The purchase was done via the ARK Next Generation Internet ETF (ARKW). Crowdstrike is the 26th largest holding of the fund, with a weight of 1.04%. Zoom Video Communications Inc, Roku Inc and Tesla Inc are the top three holdings of the fund. Follow benzinga
On Tuesday, the company reported its earnings, registering a bigger net loss during the third quarter. GAAP net loss attributable to CrowdStrike stood at $55 million, compared to $50.5 million in the third quarter of fiscal 2022.
The company said that annual recurring revenue (ARR) increased 54% year-over-year and grew to $2.34 billion as of October 31, 2022, of which $198.1 million was net new ARR added in the quarter.
ARK sold over 57,000 shares of Spotify Technology SA at an estimated valuation of over $4.5 million. Spotify shares closed o...
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