# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CloMCK6qwko
- **Gondola URL:** https://gondola.cc/posts/17862272-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/ecc8adfe21.jpg
- **Posted:** 2022-12-01T14:01:50.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

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 over 5% on Wednesday. benzinga
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## Tags

money, trading, success, stockmarket, moneymoves, earnings, ark, stockstowatch, cryptocurrencies, hodl, stockmarketnews, investing, financefreedom, wallstreet, arkinvest, stocktrading, wealth, stockmarketinvesting, crowdstrike, cathoewood, news, stockmarkets, investing101, business, investors, entrepreneur, tradingstrategy

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