Cathie Wood's Ark Buys Palantir Shares For 5th Straight Session — Here Are Other Key Trades

Cathie Wood-led Ark Invest is piling up shares of data analytics company Palantir Technologies Inc PLTR on every dip.

The New York-based investment firm snapped up 683,996 shares — estimated to be worth $16.4 million, its fifth straight-session buy in the Peter Thiel co-founded company. 

Palantir shares closed 0.58% lower at $24.01 on Friday and have slipped about 4% in the past week. Shares of the company jumped 11% after it reported second-quarter earnings earlier this month.

Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the Ark Fintech Innovation ETF (NYSE: ARKF) and the Ark Autonomous Technology & Robotics ETF ARKQ to buy the shares on Friday.

Including Friday’s buys, Ark Invest holds a total of 36.09 million shares, worth $871.8 million in Palantir. 

See Also: Palantir, Square, Genius Sports, Zymergen — Stocks Cathie Wood's Ark Bought Or Sold Thursday

Here are some of the other key trades for Ark on Friday:

• Shed 79,325 shares, estimated to be worth $20.87 million, in Jack Dorsey-led Square Inc SQ. Square share closed 2.20% higher at $263.05 on Friday.
• Snapped up 84,860 shares, estimated to be worth $1.46 million, in Genius Sports Ltd GENI on the day shares of the sports data and technology company closed 1.41% higher at $17.26.
• Shed 5,185 shares, estimated to be worth about $9.26 million, in Mercadolibre Inc MELI. Shares of the  Buenos Aires, Argentine-headquartered company that operates online marketplaces dedicated to e-commerce and online auctions, closed 1.51% higher at $1,786.54 on Friday.
• Sold 84,975 shares, estimated to be worth about $11.7 million, in the U.S.-listed Chinese tech company Baidu Inc BIDU. Shares of Baidu closed 0.23% higher at $137.65 on Friday.