Cathie Wood acquired 9.07 Million Roblox shares worth $733 Million. That's 6.56% of their entire equity portfolio (4th largest holding). The investor owns 1.50% of the outstanding Roblox stock. The first Roblox trade was made in Q1 2021. Since then Cathie Wood bought shares ten more times and sold shares on six occasions. The stake costed the investor $456 Million, netting the investor a gain of 61% so far.
As investors look forward to rate cuts in the second half and going into 2025, perhaps those riskier high-multiple technology companies, such as Cathie Wood ...
Roblox’s stock has tumbled in the wake of the company’s disappointing quarterly earnings report, but Cathie Wood’s ARK Invest seems to believe that makes the...
https://www.investing.com/news/company-news/cathie-woods-ark-trades-shopify-and-block-stock-buys-roblox-93CH-3440930
ARK Invest started dumping large amounts of Robinhood stock for the first time after aggressively buying HOOD shares last year.