These Are the Only 3 Stocks That Cathie Wood Bought Last Week

Last week was challenging for astir investors. The 3 large marketplace indexes moved little for the 4th consecutive week. Growing investing icon Cathie Wood -- the founder, CEO, and superior banal picker of Ark Invest's household of ETFs -- has historically utilized pullbacks to load up connected falling favorites, but she was amazingly quiescent this time.

Ark Invest added to lone 3 existing positions past week. She bought shares successful Figma (NYSE: FIG), Arcturus Therapeutics Holdings (NASDAQ: ARCT), and 10x Genomics (NASDAQ: TXG). Having a airy manus arsenic galore of her stocks corrected is antithetic for Wood, but it should besides find investors bare to recognize wherefore she chose these 3 names. Let's instrumentality a person look astatine Wood's latest Ark Invest purchases.

Will AI make the world's archetypal trillionaire? Our squad conscionable released a study connected the 1 little-known company, called an "Indispensable Monopoly" providing the captious exertion Nvidia and Intel some need. Continue »

One of the hottest IPOs retired of the gross past twelvemonth has cooled down successful a large way. Figma, a supplier of website plan for websites, apps, and different integer formats, has plummeted 83% from past summer's highs, a highest it achieved aft much than quadrupling from its archetypal $33 offering price.

Figma banal is 1 of the galore cloud-based platforms getting slammed by a melodramatic displacement successful marketplace sentiment. The bearish communicative has providers of premium software-as-a-service (SaaS) stocks yet coming nether competitory unit from cheaper, if not free, artificial quality (AI) solutions.

But Figma's popularity isn't waning. Revenue maturation really accelerated successful its latest quarter. Year-over-year top-line maturation deed 40% successful the last 3 months of past year, up from a 38% summation successful the erstwhile 4th and good supra the 35% emergence it was initially projecting. The shares popped higher connected past month's blowout quarter, lone to springiness backmost those gains -- and past some.

Its nett dollar-retention complaint of 136% is stellar, indicating that returning customers implicit the past 12 months are spending 36% much connected the level than they were a twelvemonth earlier. It's Figma's healthiest showing connected that beforehand successful 2 years.

Figma is dealing with borderline pressure. Its deficiency of reported steadfast profitability has besides prevented the instauration of a level for investors. Analysts spot gross maturation slowing to 30% this twelvemonth and 20% adjacent year, but it's 1 of the much compelling breached IPOs of past year.

Ark didn't marque immoderate banal purchases connected Monday oregon Tuesday of past week. Wood bought conscionable 1 institution connected Wednesday, and this was it. She past added to her Arcturus Therapeutics involvement successful each of the last 3 trading days of the week.