Company ARK Invest, owned by Cathie Wood, has reduced its stake in Palantir, a company that has achieved success in the field of artificial intelligence. It’s worth noting that the company’s shares are still showing incredible growth.
On October 27, 2025, the fund sold 13,922 shares of Palantir from ARK Fintech Innovation ETF (ARKF), marking a rare profit-taking for shares that have risen more than 150% year-to-date to reach an all-time high of $190,84. Monday’s trading closed at $189.
PLTR stock price chart for the year. Source: Tradingview
Palantir’s stock rally is driven by strong fundamentals and growing investor enthusiasm for its expanding role in artificial intelligence and data analytics for government agencies.
The company’s latest financial statements demonstrate its stability: gross margin was approximately 80%, and revenue growth over the past year reached 39%.
In addition to its rising stock price, Palantir is expanding its presence in AI and defense technologies. Its software was recently used by Red Cat Holdings to test Black Widow drones for the US Army, and new partnerships with Lumen Technologies and Snowflake aim to accelerate the adoption of Palantir’s Foundry platform in the enterprise sector.
Besides Palantir ARK cut positions in other high-growth companies, including Shopify, Roblox, Iridium Communications, SoFi Technologies and Ionis Pharmaceuticals.