TLDR
- ARK Invest purchased 97,646 Roblox shares valued at $7.2 million on February 10, 2026
- The buy followed a 2% stock decline caused by Australian regulatory scrutiny
- ARK added 95,018 Bullish shares worth $3 million across multiple funds
- The investment firm sold 669,600 PagerDuty shares for $5.2 million
- ARK’s two-day Roblox investment totals more than $17 million
Cathie Wood’s ARK Invest made a substantial purchase of Roblox stock on Tuesday. The firm acquired 97,646 shares of the gaming platform for approximately $7.2 million. The shares were split among three separate exchange-traded funds.
The purchase occurred as Roblox experienced a 2% decline in share price. Australian authorities raised questions about platform safety measures for children. Regulators highlighted concerns about content filtering and potential predator contact with minors.
ARK allocated the shares across its Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF. This distribution method maintains exposure across different fund strategies. The firm has used this approach consistently in recent trading.
This represents the second consecutive day of major Roblox buying. On February 9, ARK purchased 145,603 shares worth roughly $10 million. The combined investment over 48 hours exceeds $17 million in value.
Cryptocurrency Holdings Increase
ARK expanded its cryptocurrency sector presence through Bullish stock. The firm purchased 95,018 shares across three ETFs on Tuesday. The total investment came to $3 million.
This buying activity extends a pattern from the previous week. ARK has steadily increased its Bullish position through multiple purchases. The cryptocurrency exchange platform aligns with Wood’s technology investment focus.
The consistent accumulation suggests confidence in digital asset infrastructure. Bullish provides cryptocurrency trading services to institutional and retail clients. ARK views this sector as part of its innovation portfolio.
Strategic Selling Activity
ARK completed its most substantial sale in PagerDuty shares. The firm divested 669,600 shares across its Innovation and Next Generation Internet ETFs. The sale generated $5.2 million in proceeds.
This transaction continues a pattern of position reduction. ARK has been systematically lowering its PagerDuty exposure over several trading sessions. The incident management software company no longer appears to fit the firm’s portfolio strategy.
The firm also sold 10,000 Pinterest shares for $201,400. Smaller purchases included 30,882 Kodiak AI shares for $279,790 and 61,324 Brera Holdings shares for $78,494. ARK bought 4,050 Tempus AI shares worth $231,336 while selling 2,546 Trade Desk shares for $68,843.
Wall Street View on Roblox
Analyst coverage of Roblox leans toward the positive. Among 23 analysts tracking the stock, 17 have Buy ratings. Five maintain Hold ratings while one recommends selling.
The consensus rating reaches Moderate Buy territory. Analysts project an average target price of $110.87 per share. This represents approximately 54% upside from current price levels.
Roblox recently announced fourth-quarter financial results. The company issued 2026 bookings guidance that topped analyst expectations. Several research firms maintained positive ratings following the announcement despite regulatory headlines.
Wood’s purchases align with prevailing analyst sentiment. The firm appears to interpret the Australian concerns as temporary headwinds. ARK’s investment philosophy centers on long-term disruptive growth rather than short-term volatility.
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