From Nasdaq MarketSite:

Ark Invest, led by Cathie Wood, acquires $4.7 million worth of Tesla shares. This investment is part of a series of recent investments in the company, totaling 24,782 shares. Tesla’s stock has faced a downtrend since late October, despite market rally in January. Cathie Wood remains bullish on Tesla, predicting a stock price of $2,000 by 2027.

Ark Invest also increases its stake in Rocket Lab, acquiring shares worth nearly $4.7 million. This move comes after Rocket Lab initiated a private offering of $275 million convertible senior notes due 2029 with institutional buyers. The company reported preliminary fourth-quarter financials, expecting revenues of $59-61 million, gross margins around 24.8-26.8%, and a net loss of $49-52.5 million.

Ark Invest sold a considerable portion of its holdings in Twilio Inc and Zoom Video Communications, signaling a strategic shift in its portfolio towards more promising ventures. The firm reinforces its bet on revolutionary healthcare technologies with additional purchases in 10X Genomics Inc and Intellia Therapeutics Inc in the genomics space.



Read more: Cathie Wood’s Ark Invest Snatches Up $4.7M More In Tesla Shares, Invests Equally In This Rocket Company