Cathie Wood Reduces Investment in Pinterest (PINS) While Increasing Holdings in Bitmine (BMNR) and Biotech Stocks
ARK Invest's Latest Trades: Cathie Wood's ARK Invest ETFs revealed new investments in AI, biotech, and digital infrastructure, with significant moves including a reduction in Pinterest shares and new purchases in Bitmine Immersion Technologies, Twist Bioscience, and Beam Therapeutics.
Pinterest Sale Details: ARK Innovation sold over 1.8 million shares of Pinterest, valued at approximately $50.2 million, following disappointing quarterly results and guidance from the company, indicating a decline in ad spending.
Increased Investment in Bitmine: ARK made a notable investment in Bitmine Immersion Technologies, acquiring 169,407 shares across multiple funds, reflecting growing confidence in the company's potential in the crypto and AI sectors.
Biotech Focus: The fund also increased its holdings in biotech, purchasing 184,505 shares of Twist Bioscience and 138,677 shares of Beam Therapeutics, continuing a trend of steady buying in this sector.
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Planet Labs PBC Secures Nine-Figure Deal with Swedish Armed Forces, Shares Surge 7%
- Stock Surge: Planet Labs PBC's announcement of a multi-year nine-figure agreement with the Swedish Armed Forces led to a 7% increase in share price to $24.29 on Monday, reflecting strong market confidence in the company's long-term contracts.
- Revenue Outlook Boost: Day One Biopharmaceuticals Inc reported preliminary 2025 OJEMDA net product revenue of $155.4 million, up 172% year-over-year, indicating robust growth potential in the biopharmaceutical sector that may attract more investor interest.
- Market Dynamics: Amid a broader decline in U.S. stocks, Wheels Up Experience Inc saw its shares jump 30.2% to $0.89, suggesting a market reassessment of its business model, potentially providing support for future financing and expansion.
- Increased Demand for Safe Assets: Growing concerns about Federal Reserve independence have led investors to shift towards safe-haven assets like gold, driving up precious metals stocks, which reflects market sensitivity to economic uncertainties and a preference for secure investments.

Twist Bioscience Raises 2026 Revenue Guidance to $425M-$435M Amid Positive Market Outlook
- Rating Maintained: Barclays retains its Overweight rating on Twist Bioscience and raises the price target from $37 to $39, reflecting a positive outlook for the life sciences and diagnostics instruments sector, which is expected to outperform in 2026.
- Revenue Growth Forecast: Twist Bioscience anticipates total revenue between $425 million and $435 million for 2026, indicating a year-over-year increase of 13% to 15.5%, showcasing strong growth potential in the DNA synthesis and protein solutions segments.
- Segment Performance: The DNA Synthesis and Protein Solutions Group is projected to generate $194 million to $199 million, representing a 15% to 18% increase, while the NGS Applications Group is expected to achieve $231 million to $236 million, reflecting an 11% to 13.5% growth, highlighting robust development across multiple areas.
- Profitability Goals: Twist Bioscience expects a gross margin exceeding 52% for fiscal 2026 and aims to achieve adjusted EBITDA breakeven in the fourth quarter, indicating positive progress in profitability and financial health.








