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

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