On Tuesday, Cathie Wood-led Ark Invest bought approximately $11.2 million worth of Palantir Technologies Inc. (NASDAQ:PLTR) shares across five funds and sold approximately $1.7 million worth of CrowdStrike Holdings Inc. (NASDAQ:CRWD) shares.
The Palantir Trade
Ark bought 63,638 Palantir shares: 4,291 through ARK Blockchain & Fintech Innovation ETF (BATS:ARKF), 35,346 through ARK Innovation ETF (BATS:ARKK), 10,309 through ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), 9,613 through ARK Next Generation Technology ETF (BATS:ARKW) and 4,079 through ARK Space & Defense Innovation ETF (BATS:ARKX). The purchase was worth approximately $11.2 million based on Tuesday’s closing price of $175.40.
The purchase followed several Palantir sales in October. Ark sold 49,333 shares across three consecutive sessions from Oct. 19 through Oct. 21, with an estimated combined value of $9.6 million based on those sessions’ closing prices.
Palantir posted its first $2 billion revenue quarter. The results split Wall Street as revenue surged while bookings cooled.
The CrowdStrike Trade
Ark sold 6,901 CrowdStrike shares through ARKF, a trade worth approximately $1.7 million based on Tuesday’s closing price of $244.68.
Recent coverage focused on CrowdStrike’s opportunity in securing AI agents. An analyst also argued that the company’s AI opportunity could be larger than Wall Street expects.
Alphabet Class C Trade
Ark sold 12,530 Class C shares of Alphabet through ARKQ. The trade was valued at about $3.5 million, based on the stock closing at $278.27.
Alphabet shares plunged and wiped out approximately $511 billion in market value in their worst session on record on Oct. 29, after third-quarter revenue of $127.6 billion and EPS of $2.12 missed Wall Street estimates despite Google Cloud revenue doubling to $30.7 billion. Capital expenditures more than doubled to $51.4 billion, pushing free cash flow to negative $9.1 billion for a second consecutive quarter, while the company warned of significantly higher spending in 2027.
Other Key Trades
Shopify Inc. (SHOP): ARKF, ARKK and ARKW bought a combined 88,013 shares.
Compass Pathways Plc (CMPS): ARKG bought 600,709 shares.
Pacific Biosciences of California Inc. (PACB): ARKG and ARKK bought a combined 254,453 shares.
Cameco Corp. (CCJ): ARKQ bought 24,117 shares.
Circle Internet Group Inc. (CRCL): ARKF, ARKK and ARKW bought a combined 12,835 shares.
Bullish (BLSH): ARKF, ARKK and ARKW sold a combined 37,754 shares.
Personalis Inc. (PSNL): ARKG sold 435,977 shares.
Toast Inc. (TOST): ARKF sold 47,311 shares.