Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook (2024)

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Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook (2024)

FAQs

Cathie Wood’s Ark Adds $21 Million In Coinbase Stock, Bucking Analysts’ Dire Outlook? ›

Taking advantage of slumping stock prices following a regulatory lawsuit, three funds of Ark Investment Management

Ark Investment Management
ARK Investment Management LLC (commonly referred to as "ARK" or "ARK Invest") is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs). It was founded by Cathie Wood in 2014.
https://en.wikipedia.org › wiki › Ark_Invest
, led by high-profile stock picker Cathie Wood, have added almost 420,000 shares of Coinbase, according to its trade disclosures, brushing off many analysts' concerns the SEC's two consecutive lawsuits ...

What stocks is Cathie Wood buying? ›

Ark bought only three stocks on Friday, adding to her existing stakes in CrowdStrike Holdings (NASDAQ: CRWD), Oklo (NYSE: OKLO), and GitLab (NASDAQ: GTLB). CrowdStrike plummeted 11% after experiencing a debilitating outage.

What is Cathie Wood Coinbase price prediction? ›

Ahead of Coinbase's IPO in 2021, Wood said Ark's five-year price target on Coinbase well exceeds the 15% minimum annual growth rate it targets, even if the stock debuted at $300 per share. That implies a 2026 price target of at least $600, about 4 times the current share price.

Is Cathie Wood bullish on Bitcoin? ›

Cathie Wood, Ark Invest Management's CEO and Chief Investment Officer, has set the financial world abuzz with her bullish Bitcoin (BTC) forecast. Wood boldly predicted that BTC could surge 5,837%, reaching a price of $3.8 million per coin, by 2030.

Does Arkk own Coinbase? ›

According to the firm's latest disclosures, Coinbase remains the largest holding within its ARKK ETF with a weighting of 9.9%. However, Coinbase has slipped to the second-largest holding in its ARKW fund, with a weighting of 10.1%, just behind Ark's own spot Bitcoin ETF (ARKB) at 10.2%.

What is Cathie Wood saying about Tesla stock? ›

Cathie Wood sells Tesla stock

In June, Wood predicted Tesla shares would hit $2,600 in 2029. That would represent a more than 10-fold increase from Friday's quote of $240. The company's stock has soared 60% over the past three months despite less-than-stellar news.

How many Tesla shares does Cathie Wood own? ›

Cathie Wood Tesla Inc

Cathie Wood acquired 5.18 Million Tesla shares worth $1.24 Billion. It makes up 9.37% of their stock portfolio and is their biggest holding. The first Tesla trade was made in Q4 2016. Since then Cathie Wood bought shares sixteen more times and sold shares on fifteen occasions.

How much will $1000 of Bitcoin be worth in 2030? ›

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

Will Coinbase survive? ›

Coinbase has a rapidly increasing user base and soaring revenue. The company's financial projections suggest it could become as valuable as today's most prominent companies. Tech companies benefited from the early days of the internet era; Coinbase is in a similar position with crypto.

How much will Coinbase stock be worth? ›

The average price target for Coinbase Global is $250.80. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $320.00 ,the lowest forecast is $171.00. The average price target represents -5.15% Decrease from the current price of $264.43.

What crypto will skyrocket in 2024? ›

Here's our list of cryptos that will explode in 2024: Pepe Unchained (PEPU) – Iconic meme token built on a layer-two Ethereum blockchain. The Meme Games (MGMES) – Meme coin that could explode, offers gamified presale bonus. WienerAI (WAI) – A prime meme coin contender for explosive growth in 2024.

What crypto is Cathie Wood's buying? ›

Cathie Wood's Ark Investment Management LLC is snapping up shares of the firm's just-launched spot-Bitcoin ETF as competition among the inaugural issuers escalates.

Why is Cathie Wood selling Coinbase? ›

Quick Take. Cathie Wood participated in an “Ask Me Anything” Q&A session on the social platform Reddit Thursday. In response to a user question on the matter, Wood said that selling Coinbase stock is part of active portfolio management. Ark Invest had offloaded $20.8 million worth of Coinbase shares two days prior.

Who is buying Coinbase? ›

Who owns Coinbase? As of 7 October 2022, institutional investors own 47.89% of Coinbase's shares. Marc Andreessen is the company's largest individual shareholder, owning a 6.32% stake in the company in addition to shares held by his investment firm, Andreessen Horowitz.

Will Coinbase beat the SEC? ›

Judge Failla largely ruled in favor of the SEC, rejecting Coinbase's MQD and fair notice defenses.

What is Ark Invest investing in? ›

Investment strategy

ARK Invest focuses on investing in disruptive technology. These technologies include artificial intelligence, DNA sequencing, CRISPR gene editing, robotics, electric vehicles, energy storage, fintech, 3D printing and blockchain technology.

Is CrowdStrike a buy or sell? ›

CrowdStrike Holdings has a consensus rating of Strong Buy which is based on 28 buy ratings, 6 hold ratings and 1 sell ratings. The average price target for CrowdStrike Holdings is $378.70. This is based on 35 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Who is buying CrowdStrike? ›

Cathie Wood Buys CrowdStrike Amid Dive; Builds Up Stake In Sam Altman Startup.

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