Cathie Wood Funds Trim Palantir Stake by $17M Amid 93% Revenue Surge

Wood's funds sold 109,492 PLTR shares worth $17M. The move follows Palantir's 93% YoY revenue jump and raised guidance, despite recent stock gains.

Woofun AI reports that funds managed by Cathie Wood disposed of 109,492 Palantir (PLTR) shares on August 4th and 5th, totaling approximately $17 million at latest closing prices. Palantir recently disclosed a 93% year-on-year revenue increase to $1.94 billion for the second quarter, alongside raised full-year guidance, which propelled the stock up nearly 30% post-earnings.

Additionally, Wood has recently augmented positions in Circle Internet Group (CRCL), SpaceX (SPCX), and NVIDIA (NVDA), while decreasing stakes in Shopify (SHOP) and Roblox (RBLX).