Cathie Wood Bets $9.1M on Robinhood After Stock’s Sharp Post-Earnings Drop

TL;DR:

• Institutional acquisition: ARK Invest added 99,418 shares of Robinhood Markets (HOOD) valued at approximately $9.1 million on October 28, 2026.
• Largest purchase in six months: The transaction represents the firm’s largest capital inflow into the platform since April 29, 2026, when it executed a $39 million purchase.
• Decline in crypto revenues: Robinhood reported a 55% year-over-year contraction in its cryptocurrency transaction revenues during the third quarter, reaching $120 million.

ARK Invest, the firm founded and led by Cathie Wood, bought 99,418 shares of Robinhood Markets worth $9.1 million after the market close on October 28, 2026.

Here is every move that Cathie Wood and Ark Invest made in the stock market today 10/28 pic.twitter.com/F5SPjSxaU6

— Ark Invest Tracker (@ArkkDaily) October 29, 2026

The transaction took place following the release of its financial results for Q3 2026, a session in which the asset closed at $91.43 per unit after falling 3.3% during regular trading hours. With this move, the cumulative depreciation of Robinhood shares exceeded 23% over the past 30 days.

The buy order was distributed across three exchange-traded funds (ETFs) managed by ARK Invest, according to daily trading disclosures published by the asset manager itself. This entry marks a shift in the firm’s short-term pattern, which had recorded partial liquidations of Robinhood stock in early October when shares were trading within ranges between $107 and $112.

This stands as ARK Invest’s largest single purchase in this issuer since April 2026. At that time, the firm had allocated nearly $39 million to acquire 553,892 shares, also following a down day triggered by a quarterly report.

Robinhood financial performance and crypto revenue slowdown

Data from the Q3 report indicated that Robinhood generated record total net revenues of $1.42 billion, a 12% increase compared to the same period of the previous year. However, the final figure came in below average Wall Street analyst expectations.

The company’s net income landed at $476 million, reflecting a 14% year-over-year decrease. Earnings per share stood at $0.51, compared to the consensus projection of $0.55 per share.

The operational breakdown showed a structural shift in transaction-based revenue streams. Revenues generated from cryptocurrency trading dropped 55% year-over-year to $120 million. This decline contrasts with the growth reported in other segments of the platform, such as the options contracts division, which posted $399 million, representing a 31% increase.

Additionally, the prediction markets segment generated $173 million in the quarter, sixfold its 2025 levels. Brokerage filings highlighted that several financial research firms chose to lower their price targets on the stock after assessing the gap between transaction fees and the decline in net profit margin.

During pre-market trading in New York on October 29, 2026, Robinhood shares saw an additional retreat of 1.88%, trading around $89.70 per share. Institutional investors and equity analysts are now focusing on Robinhood Markets’ upcoming public operational update and monthly user metrics call, scheduled for mid-November 2026.