On Friday, Cathie Wood-led Ark Invest made significant trades involving stocks such as Iridium Communications Inc (NASDAQ:IRDM), Twist Bioscience Corp (NASDAQ:TWST), PagerDuty Inc (NYSE:PD), Beam Therapeutics Inc (NASDAQ:BEAM), Roku Inc (NASDAQ:ROKU), and Ibotta Inc (NASDAQ:IBTA).
The IRDM Trade
Ark Invest, through its ARK Innovation ETF (NYSE:ARKK), bought 86,666 shares of Iridium Communications.
The closing price of IRDM on Friday was $31.63, making the total value of this trade approximately $2.74 million. This move comes amidst a slight decline in IRDM’s stock price, with a 1.13% change on Friday.
The TWST Trade
Ark Invest also purchased 36,806 shares of Twist Bioscience Corp through ARKK.
With a closing price of $47.59, the total value of this trade amounts to approximately $1.75 million. TWST's stock price surged by more than 1.5% on Friday.
The PD Trade
Ark Invest bought 35,546 shares of PagerDuty Inc through ARKK and an additional 10,215 shares through its ARK Next Generation Internet ETF (NYSE:ARKW).
With PD’s closing price on Friday at $19.3, the total value of this trade is approximately $882,000.
Other Key Trades:
- Ark Invest bought 24,250 shares of Ibotta Inc. (NASDAQ:IBTA) through its ARK Fintech Innovation ETF (NYSE:ARKF).
- Ark Invest bought 1,916 shares of Beam Therapeutics Inc. (NASDAQ:BEAM) through its ARK Genomic Revolution ETF (NYSE:ARKG) and ARK Innovation ETF (NYSE:ARKK).
- Ark Invest sold 46,810 shares of Roku Inc. (NASDAQ:ROKU) through its ARKK and ARK Next Generation Internet ETF (NYSE:ARKW).
These trades reflect Ark Invest’s strategic decisions in the face of the dynamic tech sector’s performance.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Ark Invest
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