Cathie Wood Piles Up Palantir For Third Day In A Row, Adding $39M Worth Of Shares

Cathie Wood-led Ark Investment Management on Wednesday snapped up 2.07 million shares, worth about $39 million, in Palantir Technologies Inc PLTR, on a day the stock reversed the earnings-driven gains of the previous session.

Shares of software and analytics tool-making company traded sharply lower on Wednesday, closing 6.53% lower at $18.89 and were further down 0.6% in extended hours. PLTR shares had jumped over 9% on Tuesday after reporting an earnings beat.

The trades were made through Ark Innovation ETF ARKK. Ark holds Palantir via two funds, ARKK and the ARK Next Generation Internet ETF ARKW, which together held 25.23 million shares, worth about $510 million, ahead of Wednesday’s trade.

Wednesday was third straight where Ark added Palantir to its portfolio.

Other Ark Buys On Wednesday:

  • Coinbase Global Inc COIN
  • Zymergen Inc ZY
  • Signify Health Inc SGFY
  • Repare Therapeutics Inc RPTX
  • Recursion Pharmaceuticals Inc RXRX
  • 908 Devices Inc MASS
  • Uipath Inc PATH
  • Ionis Pharmaceuticals Inc IONS
  • CM Life Sciences II Inc CMII
  • Adaptive Biotechnologies Corp ADPT
  • Codexis Inc CDXS
  • Berkeley Lights Inc BLI
  • Butterfly Network Inc BFLY
  • Skillz Inc SKLZ 
  • TuSimple Holdings TSP
  • Twilio Inc TWLO
  • Unity Software Inc U
  • Zillow Group Inc Class A ZG
  • Zoom Video Communications Inc ZM
  • DraftKings Inc DKNG
  • Exact Sciences Corporation EXAS
  • Roku Inc ROKU
  • Kratos Defense & Security Solutions Inc KTOS
  • Iridium Communications Inc IRDM
  • The 3D Printing ETF PRNT

Other Ark Sells On Wednesday:

  • Yeahka Ltd YHEKF
  • Silvergate Capital Corp SI
  • Thermo Fisher Scientific Inc TMO
  • Syros Pharmaceuticals Inc SYRS
  • Takeda Pharmaceutical Co Ltd TAK
  • Sarepta Therapeutics Inc SRPT
  • Roche Holding Ag RHHBY
  • Pluristem Therapeutics Inc PSTI
  • Regeneron Pharmaceuticals Inc REGN
  • Phreesia Inc PHR
  • Novartis Ag NVS
  • KE Holdings BEKE
  • Baidu Inc BIDU
  • Lendingtree Inc TREE
  • Synopsys Inc SNPS
  • Huya Inc HUYA
  • Intercontinental Exchange Inc ICE
  • Pure Storage Inc PSTG
  • Workhorse Group Inc WKHS
  • Alphabet Inc GOOGL

Photo by Cory Doctorow on Flickr

Posted In: ARK Investment ManagementCathie WoodData AnalyticsPenny StocksSector ETFsSmall CapTrading IdeasETFs