Cathie Wood’s Ark Invest sold Roku, Robinhood on Thursday: here’s what it bought

On Thursday, Ark Invest, led by Cathie Wood, sold a chunk of its Robinhood shares. The sales come after the company posted strong earnings for the fourth quarter.

Robinhood Markets saw its stock surge nearly 14% in early trading on Thursday, reaching its highest levels since 2021 and adding approximately $6 billion to its market value.

Thanks to the stellar results, in the last 30 days, the stock has gone up around 60%.

Cathie Wood’s Robinhood (HOOD) trades

Ark Invest sold 266,603 shares of Robinhood through its flagship ARK Innovation ETF (ARKK).

The trade was valued at approximately $17.01 million, as Robinhood’s stock surged 14.11% to close at $63.80 on Thursday.

The retail-focused trading platform reported record revenue of $1.01 billion, a 115% year-over-year increase, driven by a 400% surge in cryptocurrency trading volumes and an 86% rise in Gold subscribers.

However, Robinhood did not provide guidance on its total operating expenses for 2025.

Following the results, Mizuho Securities analyst Dan Dolev raised the price target for Robinhood’s stock to $80 from the previous $65, while maintaining an Outperform rating.

Similarly, Needham analysts increased their price target to $70 from $52, reiterating a Buy rating on the shares.

ARK Invest still holds around $540 million worth of Robinhood stock.

It has sold around $50 million worth of Robinhood stocks in the past few weeks.

Roku

Roku is one of Ark Invest’s biggest bets. On Thursday, its flagship ETF sold 295,504 shares worth around $24.9 million, while ARKW sold 61,186 shares worth around $5.2 million.

The sale comes as the investment firm sold $33 million worth of Roku stock on Wednesday.

Roku shares surged 15% to $100 in after-hours trading after the company reported better-than-expected fourth-quarter results.

The quarterly loss came in at $0.24 per share, significantly smaller than analysts’ expectations of a $0.42 loss per share.

Revenue increased to $1.2 billion, surpassing Wall Street’s consensus estimate of $1.15 billion.

The strong performance was driven by subscriber growth in Roku’s streaming platform business.

ARK Invest still owns around $781 million worth of Roku stock.

Deere & Co

Ark Invest purchased 36,812 shares of Deere & Co through ARKK, valued at approximately $17.16 million.

This move came despite Deere reporting a 30% decline in net sales and revenue in its recent first-quarter earnings.

Deere & Co reported net income of $869 million, or $3.19 per share, for the quarter ending January 26, down from $1.751 billion, or $6.23 per share, in the same quarter last year.

Sales declined 30% to $8.508 billion. Despite the drop, the results exceeded analyst expectations, with FactSet consensus estimates at $3.11 per share and $7.7 billion in sales.

Following the earnings report, JPMorgan analyst Ann Duignan raised the firm’s price target for Deere to $500 from $470 while maintaining a Neutral rating on the stock.

Deere’s stock closed 2.17% lower at $466.22 on Thursday.

Ark Invest entered the stock earlier this week on Tuesday and has since upped its stake in the company. It currently holds around $50 million worth of Deere & Co stock.

Other Cathie Wood trades

Through ARKK, the firm purchased 306,168 shares of Iridium Communications Inc. (IRDM) worth $9.7 million and added 24,201 shares of Twist Bioscience Corp. (TWST), valued at $1.1 million.

Ark also invested $20.4 million in The Trade Desk Inc. (TTD), acquiring 246,167 shares through ARKK. ARKW also bought TTD shares worth around $5 million

In addition, Ark’s ARKG fund picked up 2,995 shares of Beam Therapeutics Inc. (BEAM), amounting to $247,400.

The company also invested around $700,000 in Pager Duty

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