TLDR
- ARK purchased 97,646 Roblox shares worth $7.2 million across three ETFs on February 10
- Buy came after Roblox dropped 2% due to Australian child safety concerns
- ARK acquired 95,018 Bullish shares for $3 million in continued accumulation
- The firm divested 669,600 PagerDuty shares totaling $5.2 million
- Total Roblox investment across two days exceeds $17 million
Cathie Wood’s investment firm made another large bet on Roblox stock this week. ARK Invest purchased 97,646 shares of the gaming platform on February 10. The transaction value reached approximately $7.2 million.
The timing came as Roblox shares fell more than 2% during Tuesday trading. Australian regulators expressed concerns about child safety on the platform. The regulatory scrutiny focused on content moderation and potential predator access.
ARK distributed the shares across three different funds. The Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF each received portions. This strategy spreads the investment across multiple ARK portfolios.
Wood’s firm shows no signs of backing away from Roblox. Just one day earlier, ARK purchased 145,603 shares worth about $10 million. The two-day buying spree represents over $17 million in total investment.
Crypto Position Expands
ARK continued building its cryptocurrency exposure through Bullish shares. The firm bought 95,018 shares across three ETFs on February 10. The purchase totaled $3 million.
This marks the latest in a series of Bullish purchases. ARK has been steadily accumulating shares throughout the past week. The pattern suggests strong conviction in the cryptocurrency exchange’s future.
The repeated buying indicates Wood sees long-term value in crypto infrastructure. Bullish operates as a cryptocurrency trading platform. ARK’s consistent purchases reflect its thesis on digital asset adoption.
Portfolio Trimming Continues
ARK executed its largest sale in PagerDuty stock on Tuesday. The firm sold 669,600 shares spread across two ETFs. The divestment brought in $5.2 million.
This sale extends a multi-day trend of PagerDuty reduction. ARK has been systematically decreasing its position in the incident management company. The firm appears to be reallocating capital to other opportunities.
ARK also sold 10,000 Pinterest shares for $201,400 across two funds. Additional small purchases included Kodiak AI for $279,790 and Brera Holdings for $78,494. The firm bought 4,050 Tempus AI shares worth $231,336.
Market Outlook for Roblox
Analyst sentiment toward Roblox remains largely positive despite regulatory news. Of 23 Wall Street analysts, 17 maintain Buy ratings on the stock. Five analysts rate it as Hold with just one Sell rating.
The average analyst price target sits at $110.87 per share. This implies upside potential of approximately 54% from current trading levels. The consensus rating qualifies as Moderate Buy.
Roblox delivered fourth-quarter earnings that met expectations. The company provided 2026 bookings guidance that surpassed analyst forecasts. Multiple analysts reaffirmed Buy ratings after the earnings release.
Wood’s purchases suggest she views the Australian concerns as manageable. Her investment approach typically emphasizes long-term growth over short-term noise. The gaming platform fits ARK’s focus on innovative technology companies.
