Cathie Wood’s Ark Invest continued to trim its stake in Palantir Technologies (PLTR) on Monday as it sold over 60,000 shares of the data analytics firm. Indeed, Ark Invest has sold a total of 375,393 PLTR shares across three of its exchange-traded funds (ETFs) in January alone.
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The sales were spread across Ark Invest’s flagship ETFs, including the ARK Innovation ETF (ARKK), which sold 187,968 shares of PLTR this month. Despite these sales, Palantir remains ARKK’s fifth-largest holding and accounts for 5.23% of the fund’s portfolio. The ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF) also reduced their stakes in Palantir.
It is worth noting that Palantir’s shares are up almost 5% so far in 2025, which have helped Ark Invest’s ETFs also perform well. In fact, ARKK, ARKW, and ARKF have gained 8.4%, 9.8%, and 10.4%, respectively, on a year-to-date basis. As a result, it is likely that Cathie Wood’s funds are simply rebalancing their portfolios in order to reinvest the profits into other growth opportunities.
Is Palantir a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Moderate Sell consensus rating on PLTR stock based on two Buys, nine Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. In addition, the average PLTR price target of $49.27 per share implies 37.6% downside risk.
