On Wednesday, Ark Invest, through its ARK Innovation ETF
ARKK
+ Free Alerts
, decided to offload 5,495 shares of Palantir. This move came as Palantir’s stock soared following its impressive fourth-quarter earnings report. The company reported a 36% year-over-year increase in total revenue, with substantial growth in its U.S. commercial and government sectors. The Palantir rally has since simmered down with the stock ending 2.4% lower at $101.36 on Wednesday. This valued the Ark trade at approximately $556,973.
Palantir’s stock performance has been remarkable, showing a 34.8% upside since 2025 began.The retail investing community actively engaging with the company’s prospects. The recent earnings report has only fueled this enthusiasm, showcasing the company’s strong performance and future potential.
Notably, Ark chose to offload nearly $7.4 million worth of Palantir shares a day earlier amid the searing rally in the stock on Tuesday.