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

Benzinga2021-08-20

Cathie Wood-led Ark Invest continues to pile up shares in Palantir Technologies Inc.

The popular money managing firm on Thursday bought another 368,411 shares shares in the Peter Thiel-co-founded data analytics company on the dip, estimated to be worth about $8.9 million.

Palantir shares closed 4.43% lower at $24.16 on Thursday.

Including Thursday’s buys, Ark Invest has bought a total of 10.27 million shares in Palantir in just about a week after it reported second-quarter earnings and shares had jumped 11%.

Ark Invest owns Palantir via all of its six active exchange-traded funds but deployed the Ark Fintech Innovation ETF and the Ark Space Exploration & Innovation ETF to buy the shares on Thursday.

The six ETFs held a total of 35.77 million shares, worth $904.29 million, in Palantir, ahead of Thursday’s trade.

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

  • Shed 41,400 shares, estimated to be worth $10.65 million, in Jack Dorsey-led Square Inc. Square share closed 0.89% lower at $257.35 on Thursday.
  • Snapped up 343,796 shares, estimated to be worth $5.85 million, in Genius Sports Ltd on the day shares of the sports data and technology company closed 1.33% lower at $17.02.
  • Bought 109,777 shares – estimated to be worth about $1.08 million in Zymergen Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
39