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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsSector ETFsBroad U.S. Equity ETFsShort IdeasSmall CapTechTrading IdeasETFsARK InvestCathie WoodData Analyticssocial media
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!