On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Meta Platforms Inc. (NASDAQ:META), Roblox Corp. (NYSE:RBLX), and Kodiak AI Inc. (NASDAQ:KDK). The Meta Platforms Trade Ark Invest executed a notable divestment in Meta Platforms on Tuesday, selling a total of 19,316 shares across ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). The decision comes as Meta faces challenges with its Ray-Ban smart gla ...

Meta Platforms Trade - Ark Invest divested 19,316 shares of Meta Platforms across multiple ETFs, totaling approximately $12.7 million at a closing price of $660.62 [2] - The divestment is attributed to challenges faced by Meta in launching its Ray-Ban smart glasses, which have been delayed due to high domestic demand [2][3] - The company's focus on integrating advanced features into its smart glasses indicates a strategic direction, but the delay emphasizes the need to address domestic market demands first [3] Roblox Trade - Ark Invest acquired 169,130 shares of Roblox, valued at approximately $12.8 million based on a closing price of $75.83 [4] - Roblox is expected to capture a significant share of the gaming market, driven by user engagement and innovative content [4] - Analyst Drew Crum from B. Riley Securities expressed optimism about Roblox's potential as a leading entertainment platform, while TD Cowen analyst Doug Creutz lowered the stock's target price from $77 to $70 due to a slowdown in December engagement [5] Kodiak AI Trade - Ark purchased 39,296 shares of Kodiak AI at a closing price of $9.70, totaling approximately $381,171 [6] - Kodiak AI operates in the driverless truck industry and has backing from George Soros [6] - The company had a prior purchase of Kodiak AI stock worth $554,340 made on Monday [6] Other Key Trades - Ark sold 17,613 shares of Guardant Health Inc. and 7,228 shares of Ionis Pharmaceuticals Inc. through its ARKG ETF [7]