Cathie Wood Sells $41 Million Worth Of Palantir Shares Following Post-Earnings Plunge

Benzinga

Cathie Wood’s Ark Invest sold shares of Palantir Technologies on Tuesday, a trade worth $41.03 million, according to Benzinga. Palantir’s stock declined after its latest earnings report, despite beating analyst expectations, due to elevated investor expectations. The drop follows a sharp 332% annual and 45% year-to-date gain, underscoring ongoing market volatility. Palantir is Ark Invest’s second-largest holding, comprising 8.14% of its portfolio and valued at $421.65 million. Other Ark trades included purchases of Personalis, Guardant Health, Twist Bioscience, Natera, and GitLab.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Kathy Wood's ARK Invest sold shares of Palantir Technologies on Tuesday a trade worth $41.03

00:07million, according to Benzinga. Palantir's stock declined after its latest earnings report,

00:12despite beating analysts' expectations due to elevated investor expectations.

00:16Drop files a sharp 332% annual and 45% year-to-date gain, underscoring ongoing market volatility.

00:23Palantir's ARK Invest's second-largest holding,

00:25surprising 8.14% of his portfolio, elevated $421.65 million.

00:30Other ARK trades include purchases of Personalis, Guardian Health, Twist Bioscience,

00:34Terra, and GitLab.

00:35For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Recommended