Cathie Wood sells $11.6 million of surging Palantir stock

Earnings
โดย TheStreet·US·Read original
Summary · why it matters

Cathie Wood, chief of Ark Investment Management, often locks in gains when her favorite tech stocks surge, and she has now sold $11.6 million of Palantir Technologies stock after the shares jumped more than 30% over the past month. Ark's funds sold 66,533 shares of Palantir on August 10, 12, and 13, based on the latest closing price of $174.04. The rally was fueled by Palantir's second-quarter earnings, which beat estimates with adjusted earnings of 41 cents a share and revenue up 93% year over year to $1.94 billion. Palantir also raised its full-year revenue guidance to between $8.15 billion and $8.16 billion. Wood has been actively trading Palantir, having increased her position in 2024, sold many shares in 2025, bought back some in June, and now selling again after the post-earnings rally.

Impact on stocks 13

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Palantir Technologies Inc.
PLTR
▼ NegativeCapitalrelevance

Cathie Wood's Ark funds sold shares, but this is a minor insider sale relative to the company's size and does not reflect on fundamentals.

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