Cathie Wood-led Ark Investment Management on Wednesday snapped up 2.07 million shares, worth about $39 million, in PalantirTechnologies Inc, 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 throughArk Innovation ETF . Ark holds Palantir via two funds, ARKK and the ARK Next Generation Internet ETF, which together held 25.23 million shares, worth about $510 million, ahead of Wednesday’s trade.
Wednesday was third straight where Arkadded Palantir to its portfolio.
Other Ark Buys On Wednesday:
- Coinbase Global Inc
- Zymergen Inc
- Signify Health Inc
- Repare Therapeutics Inc
- Recursion Pharmaceuticals Inc
- 908 Devices Inc
- Uipath Inc
- Ionis Pharmaceuticals Inc
- CM Life Sciences II Inc
- Adaptive Biotechnologies Corp
- Codexis Inc
- Berkeley Lights Inc
- Butterfly Network Inc
- Skillz Inc
- TuSimple Holdings
- Twilio Inc
- Unity Software Inc
- Zillow Group Inc Class A
- Zoom Video Communications Inc
- DraftKings Inc
- Exact Sciences Corporation
- Roku Inc
- Kratos Defense & Security Solutions Inc
- Iridium Communications Inc
- The 3D Printing ETF
Other Ark Sells On Wednesday:
- Yeahka Ltd
- Silvergate Capital Corp
- Thermo Fisher Scientific Inc
- Syros Pharmaceuticals Inc
- Takeda Pharmaceutical Co Ltd
- Sarepta Therapeutics Inc
- Roche Holding Ag
- Pluristem Therapeutics Inc
- Regeneron Pharmaceuticals Inc
- Phreesia Inc
- Novartis Ag
- KE Holdings
- Baidu Inc
- Lendingtree Inc
- Synopsys Inc
- Huya Inc
- Intercontinental Exchange Inc
- Pure Storage Inc
- Workhorse Group Inc
- Alphabet Inc