Ark Invest bought $17M in Coinbase, Circle, Bullish, and Robinhood on Monday. All four stocks rose. Goldman Sachs raised HOOD's target to $121. Alpha Score data shows weak signals on three of the four names.
Cathie Wood's Ark Invest added fresh positions across four crypto stocks on Monday, according to the firm's daily trade disclosure. The purchases hit three of its ETFs: ARKK, ARKW, and ARKF.
Ark picked up 45,164 shares of Coinbase valued at about $6.85 million at Monday's close. It bought 81,757 shares of Circle Internet Group worth roughly $6.21 million. On the exchange side, the firm added 149,422 shares of Bullish for around $3.54 million. Robinhood got a smaller increase: 2,943 shares, roughly $300,000.
All four stocks ended Monday in positive territory. Coinbase closed at $151.65, up 1.74%. Circle rose 3.25% to $75.96. Bullish added 1.72% to $23.69. Robinhood surged more than 3% to $101.83.
The buying spree follows a similar batch of purchases last week. Wood sees the recent crypto selloff as a discount window for the sector's listed names, the trade pattern suggests. The fundamentals beneath the buying are mixed. AlphaScala assigns COIN a score of 25 out of 100, label "Weak". Circle scores 28, also "Weak". Robinhood comes in at 48, a "Mixed" rating. The three names carry weak signals on momentum and valuation, even as Ark loads up.
One counterpoint: Goldman Sachs raised its price target on Robinhood to $121 on Monday, keeping a "buy" rating. The analyst cited strong trading activity in June. That bullish call may explain why Ark added HOOD at roughly twice the share count of last week's purchase.
The readthrough for the crypto sector is straightforward. Ark's conviction points to a bet on eventual regulatory clarity and mainstream adoption, not on near-term price action. The Alpha Score data warns that the stocks themselves are not cheap by traditional measures. Traders watching these names should weigh the institutional buyer against the weak scorecards.
Goldman's HOOD upgrade aside, the three other names carry no similar analyst catalyst. Coinbase and Circle face their own headwinds: regulatory uncertainty in the U.S. and thinning retail volumes. Bullish, the Gibraltar-based exchange, trades on thin volume relative to its peers, making the 149,422-share buy a larger relative bet than the dollar figure suggests.
Ark's trade disclosure shows the firm is willing to average down into weakness. The question is whether the sector's fundamentals will cooperate.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.