Cathie Wood Sells $7.9 Million in Palantir Shares Despite 121% Revenue Growth — Ark Invest Increases Stake in Peter Thiel's Trending Crypto Startup

Ark Invest's Trades: Cathie Wood's Ark Invest made significant trades, including selling 38,338 shares of Palantir Technologies after its strong earnings report and purchasing 238,346 shares of Bullish following its successful IPO.

Palantir Technologies Performance: Despite reporting impressive third-quarter earnings with a revenue of $1.18 billion, Ark Invest decided to reduce its holdings in Palantir, selling shares valued at approximately $7.9 million.

Bullish Investment Details: Ark Invest's investment in Bullish, a cryptocurrency exchange, amounted to about $11.9 million, reflecting the firm's interest in the company's strong IPO performance.

Other Notable Trades: In addition to Palantir and Bullish, Ark Invest also bought shares in Beam Therapeutics and sold shares in Roku and Guardant Health, indicating a diverse trading strategy.