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Cathie Wood Watch: Ark Catches 3D Printer Bug

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the close up of the five rows coins ,and the coins jar that fell, with the back ground is a dark blue graph.

Wood’s Ark Investment Management continues its buying and selling of stocks — mostly buying.

Author:

Dan Weil

Publish date:

Mar 14, 2022 10:00 AM EDT

Investment star Cathie Wood, Chief Executive of Ark Investment Management, continues her buying and selling of stocks — mostly buying — amid the equity market’s turmoil.

On Friday, she ventured into 3D printer companies, snagging Stratasys  (SSYS) – Get Stratasys Ltd. Report and Velo3D  (VLD) . Ark also continued its foray into biotechnology stocks, purchasing Adaptive Biotechnologies  (ADPT) – Get Adaptive Biotechnologies Corp. Report, Burning Rock Biotech  (BNR)  and Atai Life Sciences  (ATAI) – Get ATAI Life Sciences N.V. Report.

Among big-name companies, Ark snared e-commerce stalwart Shopify  (SHOP) – Get Shopify, Inc. Class A Report and sold e-signature company DocuSign  (DOCU) – Get DocuSign, Inc. Report.

Ark Autonomous Technology & Robotics ETF  (ARKQ) – Get ARK Autonomous Technology & Robotics ETF Report bought 50,299 shares of Stratasys, valued at $1.2 million as of Friday’s close. Ark funds purchased 21,944 shares of Velo3D, valued at $153,608 at Friday’s close.

Ark Genomic Revolution ETF  (ARKG) – Get ARK Genomic Revolution ETF Report bought 367,391 shares of Adaptive Biotech, valued at $4 million as of Friday’s close. Ark Genomic purchased 62,031 shares of Burning Rock Biotech, valued at $460,270 as of Friday’s close. Ark Genomic bought 61,840 shares of Atai, valued at $322,805 at Friday’s close.

As for the big names, Ark Fintech Innovation ETF  (ARKF) – Get ARK Fintech Innovation ETF Report purchased 12,864 shares of Shopify, valued at $7 million as of Friday’s close. And Ark Fintech sold 158,595 shares of DocuSign, valued at $11.6 million at Friday’s close.

Ark discussed DocuSign in a commentary Friday. Shares of DocuSign traded down 20% that day, Ark noted. The drop came after the company’s fourth-quarter earnings report, “in which management guided to further revenue deceleration and announced leadership changes across its ‘go-to-market’ organization,” Ark said. 

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