Cathie Wood’s ARK buys Blade and Nextdoor, sells UiPath stock

Published 24/05/2025, 11:10
Cathie Wood’s ARK buys Blade and Nextdoor, sells UiPath stock

In the latest financial moves by Cathie Wood’s ARK ETFs, investors saw a continued interest in urban air mobility and social networking stocks, coupled with a slight retreat from an automation technology company. ARK ETFs have published their daily trades for Saturday, May 24th, 2025, revealing a pattern of consistent investment in certain sectors.

The largest dollar-value trade was the purchase of 111,258 shares of Nextdoor Holdings Inc (NYSE:KIND) through the ARKW ETF, with a total dollar value of $162,436. This move marks a continued accumulation of Nextdoor stock by ARK, as the fund also acquired shares of the neighborhood network service on the previous trading days, including a significant buy of 120,461 shares on Friday, 16th May.

Another key focus for ARK has been Blade Air Mobility Inc (NASDAQ:BLDE), a company that offers urban air mobility solutions. ARKX (NYSE:ARKX) ETF added a total of 50,260 shares of Blade, demonstrating an ongoing interest in the future of transportation. This follows a pattern of buys from the previous week, indicating ARK’s bullish stance on Blade’s market potential.

Conversely, ARK ETFs made a smaller sale, parting with 200 shares of UiPath Inc (NYSE:PATH) through the ARKF ETF, totaling a dollar value of $2,468. Although this sale is minor in comparison to the purchases made, it follows a series of sales of UiPath shares, suggesting a possible strategic shift away from the robotic process automation company.

Investors following ARK’s trades can discern a strategic pattern of increasing stakes in companies that align with technological advancements in transportation and community engagement, while cautiously reducing holdings in certain tech stocks. As always, these trades provide a window into ARK’s vision for future growth sectors and their ongoing investment strategy adjustments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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