Cathie Wood Sells $18.7M In Palantir

Cathie Wood-led Ark Investment Management on Wednesday shed more weight in Palantir Technologies Inc PLTR, its second such sale in the data analytics company in recent months. 

The investment firm sold 710,825 shares, estimated to be worth about $18.74 million, in the Peter Thiel-backed company on the day shares of the company closed 1.01% lower at $26.36 on Wednesday. 

See Also: Cathie Wood Loads Up Further On Netflix, Coinbase; Trims Palantir

Ark Invest deployed ARK Next Generation Internet ETF ARKW to buy the shares on Wednesday. The Ark Innovation ETF ARKK also holds Palantir stock.

Together, the two ETFs held 28.48 million shares, worth about $762.48 million, ahead of Wednesday’s trade.

Some of the other key Ark buys on Wednesday included UiPath Inc PATH and Quantum-Si Inc QSI sells include Pluristem Therapeutics Inc PSTI.

See Also: Cathie Wood Loads Up On Quantum-Si For 6th Straight Session: What You Should Know About This Chip Stock

Photo by Cory Doctorow on Flickr

Posted In: Ark Investment ManagmentCathie WoodData AnalyticsPeter ThielPenny StocksSector ETFsTrading IdeasETFs

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.