Efe Nail Saltık 
ARK Invest has sold 100M$ worth Coinbase share, raising questions. Cathie Wood’s ARK Invest realized an unexpected sale. Analysists and investors trying to understand the move.
ARK Invest Raised Questions
ARK Invest‘s recent sale of nearly $100 million in Coinbase shares has stirred significant discussion. The sale, notable for its scale, has prompted various analysis firms to reassess their positions, with some even reversing previous decisions and issuing contradictory reports. Known for its substantial holdings in Coinbase, ARK Invest executed the $90 million divestment on Friday, marking one of the largest sell-offs in recent memory.
Under the leadership of Cathie Wood, ARK Invest has a reputation for investing heavily in technology companies like Coinbase and Tesla. The company’s latest substantial sale follows a series of significant divestments, particularly noticeable during November and December.
On Friday, ARK Invest unloaded $90 million worth of COIN shares in a single transaction. These sales were conducted through the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF.
Analysts Disagree on Coinbase Stock
The opinions of analysts regarding Coinbase stock remain diverse and conflicting. While some, like KBW, have raised their price targets significantly, others, such as JPMorgan, have adopted a more critical stance, citing concerns over transparency. Mizuho, for instance, has issued a conservative $60 price target, representing a third of the current share price.
Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.