Robinhood Stock Slumps Nearly 12% After April 28 Earnings Miss, Cathie Wood Buys $39.7 Million

Robinhood’s stock slid nearly 12% after the company missed its first-quarter earnings and revenue estimates on April 28, with the miss attributed “mainly due to weaker crypto trading activities,” according to Moomoo.

“From Cathie Wood to Cantor Fitzgerald, the big money is betting that Robinhood’s crypto slump is just a temporary speed bump Cathie Wood’s Ark Invest snapped up over 500,000 shares of Robinhood on Wednesday, joining a wave of analysts who believe a surge in April trading activity will outweigh a recent earnings disappointment”

@coindesk

The market punished the shares for the earnings disappointment, but Cathie Wood’s Ark Invest treated the drop as an opportunity, buying “roughly $39.7 million worth of shares the next day,” the following day after the April 28 miss.

@coindesk

The Moomoo report says Robinhood “remains a meaningful position across Ark’s portfolios, accounting for roughly 3% and ranking among the top holdings in all three funds.”

It also points to early April data showing “improving momentum,” with analysts saying “equity and options trading volumes are trending toward some of the strongest levels this year.”

Cantor Fitzgerald reiterated an “Overweight” rating and a $110 price target, arguing that “recent activity suggests stabilization.”

In the same framing, Compass Point maintained a “Buy” rating while lowering its price target to $107, saying the market reaction is “backwards looking” given expectations for a stronger second quarter.

CoinDesk’s Robinhood coverage, under the handle “@coindesk,” ties Ark Invest’s buying to a broader Wall Street view that the earnings miss is being treated as temporary.

It says Cathie Wood’s Ark Invest “snapped up over 500,000 shares of Robinhood on Wednesday,” joining “a wave of analysts who believe a surge in April trading activity will outweigh a recent earnings disappointment.”

CoinDesk

The same CoinDesk text repeats that Ark Invest bought “about $39.7 million of Robinhood shares across three funds,” and it frames that purchase as “underscoring its conviction in the trading platform after a weak quarter.”

It adds that analysts are “largely looking past Robinhood’s first-quarter earnings miss,” citing “early April data showing some of the strongest equity and options trading volumes this year despite ongoing softness in crypto.”

Cantor Fitzgerald’s argument is quoted directly again: “Preliminary April equity/option trading volumes are tracking toward the highest monthly level this year,” and it says the earnings miss was “tied more to market conditions than core business issues.”

Compass Point is described as echoing that view, maintaining a “Buy” rating while slightly lowering its price target to $107 and saying the market reaction appears “backwards looking,” given expectations for a stronger second quarter.

Not all coverage treats the earnings miss as a simple blip, and the most direct bearish counterweight in the sources comes from Keefe, Bruyette & Woods (KBW).

“Bitcoin's main safety net has just given way”

CoinDesk

Moomoo says KBW “already had the lowest price target on the stock” and “cut it further,” with analysts rating the stock a “Hold” and warning that “declining transaction fees could persist.”

It specifies that KBW cut its target to $65 from $75, and it quotes the firm: “Capture rates [are] missing across the board,” adding that “both crypto and options take rates have continued to fall into the second quarter.”

The same Moomoo report says KBW’s concern has led to “lower long-term forecasts,” with KBW “trimming earnings estimates through 2028.”

CoinDesk’s longer Robinhood framing reiterates the risk logic, stating that “some firms have cut price targets and warn that falling transaction fees and crypto volumes could pressure results for years.”

In that context, the Moomoo piece also notes that “there are still risks, particularly in crypto trading,” which is “likely to continue weighing on results in the near term amid lower volumes and pricing pressure across the sector.”

CoinDesk’s separate crypto-focused piece connects the Robinhood narrative to broader bitcoin market pressure by describing technical levels that could drive further selling.

It says Bitcoin “has just fallen below the floor it had been bouncing off for two months,” and it frames the key trigger as a break below the “100-week simple moving average, around $85,000.”

Crypto Briefing

The CoinDesk article says the break “signaling that sellers have taken control after two months of support at this level,” and it identifies $75,000 as “the next major support zone.”

It further states that “A renewed drop could push Bitcoin to test its 200-week moving average, near $58,000,” while “a sustained move above $95,000 would be needed to restore a bullish outlook.”

The same piece describes the 100-week moving average as “Bitcoin's main safety net,” saying that since November it “has consistently served as a safety net” and that “buyers have continued to buy every dip for nine straight weeks.”

It also asserts that “today prices have fallen below $85,000, convincingly breaking below the 100-week moving average,” and it describes that break as “opening the door to a potential decline.”

Happy Coin News adds another layer by describing additional Robinhood purchases tied to Cathie Wood and by quantifying the scale of those buys.

“ARK Invest has acquired more than $11 million worth of Robinhood shares after the trading platform’s sharp price drop”

Happy Coin News

It says “ARK Invest has acquired more than $11 million worth of Robinhood shares after the trading platform’s sharp price drop,” and it specifies that Cathie Wood’s firm bought “96,048 Robinhood shares for its flagship Ark Innovation ETF (ARKK), worth about $11.9 million.”

Happy Coin News

It then states that “An additional 28,379 shares, worth about $3.5 million, were added” to ARKK, and it says “Robinhood has acquired shares of Next Generation (ARKK), bringing the total of its purchases to 124,427 shares, about $15.4 million.”

The same source claims Robinhood “now holds an approximate 4.4% stake in ARKK (about $351.6 million) and 4.7% in ARKW (nearly $106.9 million).”

It also reports that “The company also acquired 13,700 shares of ARKB, its own Bitcoin ETF, worth about $417,000,” for “the Ark Next Generation Internet and ARK Innovation Fintech funds.”

Happy Coin News links the buying to earlier declines in Robinhood activity, stating that “Cryptocurrency trades on the platform fell 12% in November to $28.6 billion,” while “Stock trading volume, meanwhile, fell even more sharply, down 37% from October to $202 billion.”