Cathie Wood’s Ark Invest purchased 169,130 shares of Roblox Corp. The investment, valued at approximately $12.83 million, was distributed across the ARKK, ARKW, and ARKF ETFs. Ark executed the purchase on Tuesday, January 6, 2026, and reported the transaction on January 7.
This substantial increase signals the influential firm’s continued bullish stance on the metaverse platform.
The purchase occurred amid a period of recent share price weakness for Roblox. On January 6, the stock faced negative sentiment after a company director sold a significant number of shares.
Furthermore, TD Cowen lowered its price target, citing slowing engagement growth. Ark’s investment, made despite this recent negative news, represents a notable vote of confidence in Roblox’s long-term prospects.