Cathie Wood Buys $8 Million of CoreWeave Stock and Sells Palantir Shares

TLDR Ark Invest bought 132,498 CoreWeave shares, worth about $8.1 million, on Monday. Goldman Sachs upgraded CoreWeave to Buy from Neutral and cut its price target to $106 from $139. Ark sold 18,349 Palantir shares, worth about $3.6 million, on Monday. CoreWeave shares have fallen 30% in October, while Palantir has risen 55% since early August. Palantir announced a partnership with Knox Systems on Monday. Cathie Wood’s Ark Invest bought more CoreWeave shares on Monday. The firm also sold some Palantir Technologies shares. Ark bought 102,280 CoreWeave shares through the ARK Innovation ETF. It bought another 30,218 shares through the ARK Next Generation Internet ETF. CoreWeave, Inc. Class A Common Stock, CRWV The combined 132,498 shares were worth about $8.1 million at Monday’s closing price of $61.12.

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