Cathie Wood Sells $5.4 Million Worth of Palantir Stock as Ark Continues to Dump PLTR, Analyst Warns Valuation Prices In ‘Years of Exceptional Execution’

On Tuesday, Cathie Wood-led Ark Invest kept trimming its position in Palantir Technologies Inc. (NASDAQ:PLTR).

The Palantir Trade

Ark sold 27,790 Palantir shares through the ARK Innovation ETF (BATS:ARKK). The trade was worth approximately $5.4 million, based on Tuesday’s closing price of $192.60.

The firm continued trimming Palantir after selling 18,349 shares on Monday, worth approximately $3.6 million at that session’s closing price of $194.15. Across the two sessions, Ark sold 46,139 shares, with an estimated combined value of nearly $9 million.

Separately, Charles Schwab’s George Tsilis warned that Palantir’s valuation already assumed prolonged exceptional performance, even as the company delivered rapid revenue growth.

Tsilis said Palantir traded at approximately 124 times forward earnings, compared with about 22 times for application software peers. He questioned whether growth could remain strong enough to justify a valuation that “already prices in years of exceptional execution.”

Palantir reported approximately $1.94 billion in second-quarter revenue, up 93% year over year. U.S. commercial revenue increased 149% to $764 million.

Tsilis highlighted Palantir’s ability to connect AI models with customers’ proprietary data and business operations. However, he noted that international commercial adoption had lagged domestic growth, leaving expansion concentrated in the United States.

Other Key Trades

• X-Energy Inc. (XE): ARKK, ARKQ and ARKX purchased a combined 484,895 shares.
• Oklo Inc. (OKLO): Ark purchased 150,998 shares through ARKQ.
• Intuitive Machines Inc. (LUNR): Ark bought 120,900 shares through ARKX.
• Pacific Biosciences Of California Inc. (PACB): ARKG and ARKK purchased a combined 302,871 shares.
• Iambic Therapeutics Inc. (IAM): Ark bought 101,248 shares through ARKG.
• Scribe Therapeutics Inc. (SCTX): Ark purchased 10,832 shares through ARKG.
• Personalis Inc. (PSNL): Ark sold 385,778 shares through ARKG.
• Shopify Inc. (SHOP): Ark sold 24,430 shares through ARKK.
• Teradyne Inc. (TER): Ark sold 15,964 shares through ARKQ.
• Elbit Systems Ltd. (ESLT): ARKQ and ARKX sold a combined 2,928 shares.
• Thales SA (HO): Ark sold 6,874 shares through ARKX.

Benzinga Edge Stock Rankings indicate Palantir stock has a Momentum score in the 5th percentile.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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