# Cathie Wood's ARK Invest Sells $6.3 Million in Palantir Shares After Rally

- URL: https://stocks.freetheai.org/news/cathie-wood-s-ark-invest-sells-6-3-million-in-palantir-shares-after-rally-9aeb90
- Published: 2026-10-15T12:22:16Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:PLTR](https://stocks.freetheai.org/symbols/NASDAQ-PLTR)
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Cathie Wood's ARK Invest sold 31,432 shares of Palantir Technologies Inc. (NASDAQ:PLTR) worth roughly $6.3 million on Oct. 14. The transaction followed a significant stock rally in which the software company's shares climbed more than 60% from early August before falling 3.7% during Wednesday's trading session to close at $201.

The share sale comes despite robust operational growth at the data analysis firm. In the second quarter, Palantir reported a 93% year-over-year revenue increase to $1.94 billion, bolstered by a 149% surge in U.S. commercial sales to $764 million. Management also raised its full-year revenue outlook to between $8.15 billion and $8.16 billion. However, the stock trades at a high price-to-earnings multiple relative to software industry peers, leaving little margin for error if expansion slows down.

Investors will monitor whether future quarterly results justify Palantir's premium valuation or if major investment funds continue trimming positions to lock in gains. Wall Street currently holds a Moderate Buy consensus rating on the stock, with an average analyst price target of $210.67, representing about 5% upside from recent trading levels.

## Key points

- ARK Invest sold 31,432 shares of Palantir Technologies valued at approximately $6.3 million on Oct. 14.
- Palantir shares dropped 3.7% on Wednesday to $201, pausing a broader rally of over 60% since early August.
- Second-quarter revenue surged 93% year-over-year to $1.94 billion, led by a 149% gain in U.S. commercial revenue.
- Palantir raised its full-year revenue target to between $8.15 billion and $8.16 billion.
- Analysts maintain a Moderate Buy consensus rating with an average price target of $210.67.

## Questions and answers

### How much Palantir stock did Cathie Wood sell?

Cathie Wood's ARK Invest sold 31,432 shares of Palantir Technologies on Oct. 14, worth approximately $6.3 million.

### What were Palantir's latest second-quarter financial results?

Palantir reported second-quarter revenue of $1.94 billion, up 93% year-over-year, while U.S. commercial sales rose 149% to $764 million. The company raised its full-year revenue guidance to between $8.15 billion and $8.16 billion.

### What is Wall Street's price target for Palantir?

Wall Street maintains a Moderate Buy consensus rating on Palantir with an average price target of $210.67, representing roughly 5% upside from its recent closing price.