Cathie Wood Sells $10.6M In Palantir And $20M In Pinterest And Loads Up $1.7M In This Supplier Of Elon Musk's SpaceX

Cathie Wood’s money managing firm Ark Invest on Monday sold 397,549 shares — estimated to be worth $10.6 million — in Palantir Technologies Inc PLTR, booking profit as shares of the data analytics company rose.

Shares of the Peter Thiel-backed company closed 2.63% higher at $26.56 a share on Monday.

Palantir is scheduled to report third-quarter earnings on Nov. 9, before the market opens.

Ark Invest deployed the Ark Fintech Innovation ETF ARKF to sell shares in Palantir on Monday. Two other ETFs — the Ark Next Generation Internet ETF ARKW and the Ark Innovation ETF ARKK also hold the Palantir stock.

The three ETFs held 30.69 million shares — worth about $794.32 million, ahead of Monday’s trade.

See Also: Why Cathie Wood's Ark Expects Next Major EV Adoption Cycle Around $25,000 Price Point

Here are some of the other key Ark Invest trades on Monday:

  • Sold 438,081 shares — estimated to be worth $19.8 million — in Pinterest Inc PINS, on the day shares closed 1.39% higher at $45.26 a share.
  • Bought 167,909 shares — estimated to be worth $1.68 million — in Velo3D Inc VLD on the dip. Shares of the 3D printing company that supplies to Elon Musk-led SpaceX closed 2.82% lower at $10 a share.
  • Bought 30,000 shares — worth about $8.38 million — in Zoom Video Communications Inc ZM. The stock closed 1.56% higher at $278.94 a share.

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