Cathie Wood Has Been Selling Palantir Into Every Rally Since Its 29% Earnings Pop

ARK Invest funds sold 109,492 Palantir shares on Aug. 4-5 for about $17M immediately after the stock’s 29% earnings-day jump. The sale suggests some profit-taking/position trimming rather than a clear fundamental deterioration, but it could add near-term supply pressure. Overall read-through is largely neutral unless accompanied by broader guidance changes.

Analysis

ARK Invest funds sold 109,492 Palantir shares on Aug. 4-5 for about $17M immediately after the stock’s 29% earnings-day jump. The sale suggests some profit-taking/position trimming rather than a clear fundamental deterioration, but it could add near-term supply pressure. Overall read-through is largely neutral unless accompanied by broader guidance changes.