--- title: "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" type: "News" locale: "en" url: "https://longbridge.com/en/news/294907198.md" description: "Ark Invest sold $6.4 million in Palantir shares following a 29% stock surge driven by strong earnings, while doubling down on Spotify by purchasing $2.5 million worth of shares despite the latter's recent earnings miss. The trades reflect strategic rebalancing, with additional activity including sales of Roku and 10x Genomics, and purchases of GeneDx and Pony AI across various ARK ETFs." datetime: "2026-08-05T02:41:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294907198.md) - [en](https://longbridge.com/en/news/294907198.md) - [zh-HK](https://longbridge.com/zh-HK/news/294907198.md) generator: "portal-rs" --- # 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 On Tuesday, **Cathie Wood**-led **Ark Invest** executed notable trades involving **Palantir Technologies Inc.** (NASDAQ:PLTR) and **Spotify Technology S.A.** (NYSE:SPOT). ## The Palantir Trade Ark Invest made a significant move by selling shares of **Palantir** across **ARK Blockchain & Fintech Innovation ETF** (BATS:ARKF) and **ARK Innovation ETF** (BATS:ARKK). On Tuesday, Palantir’s stock surged 29.45%, closing at $162.66. This rise followed a strong quarterly performance where Palantir reported a 93% increase in revenue, reaching $1.94 billion. The adjusted earnings per share of 41 cents surpassed the consensus estimate of 30 cents. Analysts have responded positively, raising their price targets for the company. Ark’s decision to sell 7,764 shares of the **Peter Thiel**-founded Palantir from ARKF and 31,469 shares from ARKK reflects a strategic rebalancing in light of the stock’s impressive performance. The total value of Palantir shares sold by Ark on this day amounted to approximately $6.4 million, calculated using the latest closing price. **Read Also: Elon Musk Says He Tries to 'Warn' Short Sellers, but They Just 'Double Down' as SpaceX Short Interest Climbs to 34%** ## The Spotify Trade In contrast, Ark Invest increased its stake in Spotify by purchasing shares for **ARKF** and **ARK Next Generation Internet ETF** (BATS:ARKW). Spotify’s stock closed at $478.17, experiencing a slight decline of 1.68% on Tuesday. The company’s recent earnings report revealed a miss on analyst expectations, with earnings per share at $3.03 compared to the anticipated $3.29. Revenue grew by 14% year-over-year to $5.554 billion, slightly below estimates. Concerns have been raised about Spotify’s increased spending on marketing and AI, which could impact its growth sustainability. Ark’s purchase of 1,542 shares of Spotify for ARKF and 3,586 shares for ARKW indicates confidence in the company’s long-term potential despite short-term challenges. The total value of Spotify shares acquired by Ark on this day was approximately $2.5 million. ## Other Key Trades - Sold 393 shares of **Roku, Inc.** (ROKU) from ARKF. - Sold 24,454 shares of **10x Genomics, Inc.** (TXG) from ARKK. - Bought 73,368 shares of **GeneDx Holdings Corp.** (WGS) for ARKK and ARKG. - Bought 5,500 shares of **Pony AI Inc**. (PONY) from ARKQ. **Benzinga Edge Stock Rankings** indicate Palantir stock has a Momentum score in the 10th percentile and a Value score in the 2nd percentile. **Read Also: SpaceX, AMD, Nvidia, Astera Labs and Autonomix Medical: Why These 5 Stocks Are on Investors' Radars Today** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: PJ McDonnell on Shutterstock.com* ### Related Stocks - [WGS.US](https://longbridge.com/en/quote/WGS.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [PONY.US](https://longbridge.com/en/quote/PONY.US.md) - [SPOT.US](https://longbridge.com/en/quote/SPOT.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [TXG.US](https://longbridge.com/en/quote/TXG.US.md) - [PLOO.US](https://longbridge.com/en/quote/PLOO.US.md) - [PLTZ.US](https://longbridge.com/en/quote/PLTZ.US.md) - [PTIR.US](https://longbridge.com/en/quote/PTIR.US.md) - [PLTU.US](https://longbridge.com/en/quote/PLTU.US.md) - [PLTW.US](https://longbridge.com/en/quote/PLTW.US.md) - [PLT.US](https://longbridge.com/en/quote/PLT.US.md) - [PLTA.US](https://longbridge.com/en/quote/PLTA.US.md) - [PLTD.US](https://longbridge.com/en/quote/PLTD.US.md) - [PLTG.US](https://longbridge.com/en/quote/PLTG.US.md) - [PLTY.US](https://longbridge.com/en/quote/PLTY.US.md) - [PLYY.US](https://longbridge.com/en/quote/PLYY.US.md) - [PONX.US](https://longbridge.com/en/quote/PONX.US.md) - [SPOG.US](https://longbridge.com/en/quote/SPOG.US.md) - [02026.HK](https://longbridge.com/en/quote/02026.HK.md) - [ARKF.US](https://longbridge.com/en/quote/ARKF.US.md) - [ARKK.US](https://longbridge.com/en/quote/ARKK.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [WGSWW.US](https://longbridge.com/en/quote/WGSWW.US.md) ## Related News & Research - [Gallagher Capital Advisors LLC Has $1.41 Million Stock Holdings in Palantir Technologies Inc. $PLTR](https://longbridge.com/en/news/296319209.md) - [Palantir director Alexander D. 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