Ark Invest, led by Cathie Wood, made significant trades on Monday. Among the most prominent was the sale of shares in Palantir Technologies Inc. (NASDAQ:PLTR), as the stock continued its upward trajectory following impressive financial results.

The Palantir Trade

On Monday, Ark Invest executed a notable trade involving Palantir selling 135,775 shares through its ARKK ETF. This move comes after Palantir’s stock reached new all-time highs following its impressive fourth-quarter earnings report. The company reported revenue of $827.52 million, surpassing analyst expectations of $775.91 million, and adjusted earnings of 14 cents per share, beating the forecast of 11 cents per share.

The stock closed at $116.65 on Monday, marking a 5.23% increase. The 52-week high for the stock is $116.76. In the after-hours trading, it was seen at $117.56. The sale of these shares amounted to approximately $15.83 million, based on Monday’s closing price. Despite the impressive financial results, Ark Invest has been strategically reducing its position in Palantir.

Other Key Trades:

• UiPath Inc. (PATH) – Sold 459,205 shares through ARKK and 33,061 shares through ARKW.
• Roku Inc.(ROKU) – Sold 78,654 shares through ARKK.
• Twist Bioscience Corp. (TWST) – Bought 268,210 shares through ARKK.
• Illumina Inc. (ILMN) – Bought 85,621 shares through ARKK and 14,846 shares through ARKG.

Image via Shutterstock

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal