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.
Photo by Cory Doctorow on Flickr
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
