Skip to main content

Market Overview

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

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 (NYSE: 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 (NYSE: ARKK). Ark holds Palantir via two funds, ARKK and the ARK Next Generation Internet ETF (NYSE: 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 (NASDAQ: COIN)
  • Zymergen Inc (NASDAQ: ZY)
  • Signify Health Inc (NYSE: SGFY)
  • Repare Therapeutics Inc (NASDAQ: RPTX)
  • Recursion Pharmaceuticals Inc (NASDAQ: RXRX)
  • 908 Devices Inc (NASDAQ: MASS)
  • Uipath Inc (NYSE: PATH)
  • Ionis Pharmaceuticals Inc (NASDAQ: IONS)
  • CM Life Sciences II Inc (NASDAQ: CMII)
  • Adaptive Biotechnologies Corp (NASDAQ: ADPT)
  • Codexis Inc (NASDAQ: CDXS)
  • Berkeley Lights Inc (NASDAQ: BLI)
  • Butterfly Network Inc (NYSE: BFLY)
  • Skillz Inc (NYSE: SKLZ
  • TuSimple Holdings (NASDAQ: TSP)
  • Twilio Inc (NYSE: TWLO)
  • Unity Software Inc (NYSE: U)
  • Zillow Group Inc Class A (NASDAQ: ZG)
  • Zoom Video Communications Inc (NASDAQ: ZM)
  • DraftKings Inc (NASDAQ: DKNG)
  • Exact Sciences Corporation (NASDAQ: EXAS)
  • Roku Inc (NASDAQ: ROKU)
  • Kratos Defense & Security Solutions Inc (NASDAQ: KTOS)
  • Iridium Communications Inc (NASDAQ: IRDM)
  • The 3D Printing ETF (BATS: PRNT)

Other Ark Sells On Wednesday:

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

Photo by Cory Doctorow on Flickr


Related Articles (ARKK + PLTR)

View Comments and Join the Discussion!

Posted-In: ARK Investment Management Cathie Wood Data AnalyticsPenny Stocks Sector ETFs Small Cap Trading Ideas ETFs Best of Benzinga