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Cathie Wood's ARK trades PagerDuty, Roblox stock on Thursday

Published 2024-06-13, 08:20 p/m

Cathie Wood's ARK ETF published their daily trades for Thursday, June 13th, 2024, revealing a series of notable transactions across various sectors. Leading the day's activity was a significant purchase of PagerDuty Inc (NYSE:PD) shares, with ARK buying a total of 77,959 shares across its ARKK and ARKW ETFs, amounting to a dollar value of $1,623,106. This move underscores ARK's continued bullish stance on the cloud computing company, following consistent buying in previous sessions.

Another key focus was Roblox Corp (NYSE:RBLX), where ARK added 17,615 shares valued at $634,668, split between ARKK and ARKW ETFs. This investment reflects a growing trend in ARK's portfolio, as the gaming platform has seen increased interest from the fund in recent days.

In the healthcare sector, ARK made a notable buy in Veracyte Inc (NASDAQ:VCYT), acquiring 41,477 shares through ARKK and ARKG ETFs. The total dollar value of this trade reached $915,397, indicating a strong conviction in the genomic diagnostics company's potential.

Conversely, ARK offloaded shares in several companies. Teladoc Health Inc (NYSE:NYSE:TDOC) saw a sell-off of 21,140 shares from the ARKW ETF, totaling $215,627. This followed a pattern of selling in Teladoc observed over the past week, suggesting a strategic shift away from the telemedicine provider.

The largest sell in terms of dollar value was Verve Therapeutics Inc (NASDAQ:VERV), with ARK divesting 208,622 shares across ARKK and ARKG ETFs, resulting in $1,166,197 leaving the fund's holdings. This trade marked a continuation of ARK's recent trend of reducing its position in the gene-editing company.

Additionally, ARK sold 2,397 shares of Zoom Video Communications Inc (NASDAQ:ZM) through its ARKW ETF, with the trade valued at $145,066. This transaction comes amidst a broader reassessment of technology stocks within ARK's portfolio.

Lastly, ARK's investment in Markforged Holding Corp (NYSE:MKFG) was bolstered with a purchase of 79,647 shares split between ARKQ and ARKX ETFs, totaling a modest $38,127. Despite being the smallest trade by dollar value for the day, it indicates a growing interest in the 3D printing company, as ARK has consistently increased its stake over the past week.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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