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Ark Invest, led by Cathie Wood, potentially eyes Coinbase (COIN) shares post-earnings, buying Robinhood (HOOD) shares in anticipation. The firm acquired 35,939 HOOD shares, with ARKW purchasing an additional 6,190 HOOD shares. Notably, both HOOD and COIN experienced price surges in Wednesday’s pre-market trading.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />Cathie Wood’s investment firm, Ark Invest, might start buying shares of Coinbase (COIN) again following the crypto exchange’s earnings report on February 15, much like their recent purchase of shares in the commission-free trading app Robinhood Markets (HOOD) after its Q4 earnings report.<h3 id="ark-invest-s-recent-purchases-of-robinhood-and-the-outlook-for-coinbase">Ark Invest’s Recent Purchases of Robinhood and the Outlook for Coinbase</h3>Cathie Wood’s Ark Invest made its first purchase of <a href="https://cryptosheadlines.com/sec-lawsuit-ripple-effect-binanceus-staff-cuts-coinbases-market-share-dented-by-robinhood/" rel="noopener noreferrer nofollow">Robinhood Markets shares</a> since the company reported better-than-expected quarterly results for the period ending December 31. On February 13, <a href="https://cryptosheadlines.com/vaneck-and-ark-etf-filings-begin-countdown-for-spot-ethereum-etfs-analyst/" rel="noopener noreferrer nofollow">Ark Innovation ETF</a> (ARKK) acquired 35,939 HOOD shares, while ARK Next Generation Internet ETF (ARKW) bought 6,190 HOOD shares. This move signals <a href="https://cryptosheadlines.com/ark-invest-enters-ethereum-futures-etf-race-amid-bitcoin-etf-delay/" rel="noopener noreferrer nofollow">Ark Invest’s</a> renewed interest in Robinhood following positive performance results.Ark Invest had halted selling shares of both Robinhood and Coinbase after the <a href="https://cryptosheadlines.com/spot-bitcoin-etf-to-launch-in-europe-this-month/" rel="noopener noreferrer nofollow">launch of spot Bitcoin ETFs</a> in January. However, recent weeks have seen Ark funds accumulating Robinhood shares, suggesting confidence in the company’s future prospects.Despite closing 1.42% lower at $11.84 on Tuesday, Robinhood’s <a href="https://cryptosheadlines.com/bitcoin-miners-see-10-stock-growth-amid-price-surge/" rel="noopener noreferrer nofollow">stock price surged by 10%</a> after the earnings report, reaching $13.26 in pre-market trading on Wednesday.Looking ahead, experts anticipate <a href="https://cryptosheadlines.com/top-brands-embrace-crypto-despite-mixed-sentiments-among-americans/" rel="noopener noreferrer nofollow">mixed sentiments</a> for Coinbase’s earnings, with some fearing investor disappointment while others expect positive surprises. The company’s expected earnings per share (EPS) stand at $0.27, with revenue projected at $820.28 million.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Coinbase’s stock price closed at $140.39 on Tuesday, marking a 4.70% decline. However, pre-market trading on Wednesday saw the stock trading nearly 7% higher at $150.17, buoyed by Bitcoin’s rise above the $51,000 mark.<a href="https://cryptosheadlines.com/flare-flr-bounces-up-7-after-xrp-integration-announcement/" rel="noopener noreferrer nofollow">Also Read: Flare (FLR) Bounces Up 7% After XRP Integration Announcement</a><h3 id="robinhood-s-q4-performance-robust-revenue-growth">Robinhood’s Q4 Performance: Robust Revenue Growth</h3>Robinhood Markets experienced a significant 10% surge in revenue, reaching $43 million compared to the previous year. This impressive growth is attributed to several factors, including higher interest income from customer loan repayments, increased user engagement, and heightened trading volumes observed on the platform throughout the quarter.In total, the company reported fourth-quarter revenue of $471 million, surpassing the average analyst estimate of $454.7 million. Furthermore, earnings per share (EPS) soared to $0.03, <a href="https://cryptosheadlines.com/coinbase-ceo-on-chain-the-new-online-as-revenue-exceeds-expectations/" rel="noopener noreferrer nofollow">exceeding expectations</a> of a $0.01 loss per share. These strong financial results underscore Robinhood’s resilience and effectiveness in capitalizing on market opportunities.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Coinbase (COIN) on Cathie Wood’s Ark Invest Radar

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