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Cathie Wood Cashes in on Palantir's 29% Pop as Ark Sells $6.4 Million Worth of Shares — Doubles Down on Spotify After Its Earnings Miss

BenzingaAug 5, 2026, 2:41 AMShivdeep Dhaliwal

Cathie Wood sold $6.4 million in Palantir shares Tuesday, Aug. 4, 2026, after the stock's 29% earnings-driven surge

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benzinga
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Aug 5, 2026, 2:41 AM
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Aug 5, 2026, 2:41 AM
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  1. The Motley FoolAug 25, 2026, 8:27 PMDaniel Sparks

    Cathie Wood's Biggest Buy Last Week Was SpaceX. She Sold Almost Exactly That Much Palantir the Same Day.

    Cathie Wood's ARK Investment Management bought $27.5 million worth of SpaceX shares on Friday while simultaneously selling $27.2 million of Palantir shares the same day. The trades reflect a relative valuation call: SpaceX trades near its IPO price despite strong growth, while Palantir trades at 154x earnings despite similar revenue growth rates. Both companies remain significant holdings in ARK's funds, but the trades suggest Wood prefers SpaceX's valuation at current levels.

    Read original at the-motley-fool