Cathie Wood’s latest trades

On Tuesday, Ark funds unloaded 28,731 shares of $Coinbase(COIN.US)$ , the country’s largest cryptocurrency exchange, worth $5 million as of that day’s close.

The stock has more than doubled over the past 12 months as cryptocurrencies soared. So, Wood may have felt it was time to take some profits.
Coinbase still represents the biggest holding in Ark Innovation ETF. And Wood is a major cryptocurrency evangelist. The stock has stumbled 34% from its reference price in an April 2021 direct listing.
Ark funds also dumped 295,082 shares of online securities brokerage $Robinhood(HOOD.US)$ , valued at $4.2 million. This represents a reversal from Jan. 30 to Feb. 13, when Wood bought the stock.

Robinhood's stock jumped more than one-third from Feb. 5 to Feb. 20, so, again, she may have wanted to take profits. The stock is down 64% from its initial public offering price in July 2021.
Meanwhile, Cathie Wood's Ark funds sold 192,550 shares of video conferencing service $Zoom Video Communications(ZM.US)$ , valued at $11.8 million as of Tuesday’s close.
It has dropped 20% in the past 12 months but remains up 69% from its April 2019 IPO. Demand for the company’s products soared during the pandemic but has slowed since then.
On the buy side, Ark funds snagged 383,483 shares of $Roku Inc(ROKU.US)$ , the biggest U.S. streaming platform, worth $25.1 million. The stock has plunged 31% since Feb. 15 amid news that Walmart is buying TV maker Vizio, a major Roku competitor.
Wood may have seen the drop as a good buying opportunity. Morningstar would appear to agree with this one, as its $75 fair value estimate for the stock exceeds Wednesday’s price of $65.40.