On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Robinhood Markets Inc. HOOD and Deere & Co. DE.
The Robinhood Trade
Ark Invest sold 266,603 shares of Robinhood through ARK Innovation ETF ARKK. This decision comes as Robinhood’s stock has been on an upward trajectory, with a closing price of $63.80 on Thursday, marking a 14.11% increase. The trade was valued at $17.01 million.
On Wednesday, Robinhood released its fourth-quarter earnings. The retail-centric trading platform reported a revenue of $1.01 billion, marking an increase of 115% on a year-over-year basis. This was also a new company record. Cryptocurrency notional volumes swelled 400% on a year-over-year basis in the quarter. Gold subscribers rose 86%. Robinhood did not provide guidance for 2025 total operating expenses.
The Deere Trade
Ark Invest purchased 36,812 shares of Deere & Co through its ARKK ETF. Despite Deere’s recent first-quarter earnings report showing a 30% decline in net sales and revenue. The stock closed at $466.22 on Thursday, reflecting a 2.17% decrease. The purchase was valued at approximately $17.16 million. Deere’s earnings beat forecasts, but sales and profits have been impacted by declining equipment demand.
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Other Key Trades:
- Purchased 246,167 shares of Trade Desk Inc (TD) through ARKK and 71,017 shares through ARKW.
- Sold 295,504 shares of Roku Inc (ROKU) through ARKK and another 61,186 shares through ARKW.
- Purchased 306,168 shares of Iridium Communications Inc (IRDM) through ARKK.
- Bought 34,857 shares of Pagerduty Inc (PG) through ARKK.
- Bought 24,201 shares of Twist Bioscience Corp. (TWST) through ARKK.
Image via Shutterstock
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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