Amidst volatility, Palantir (PLTR) stock has remained sideways in the last 52 weeks. While the company’s growth has been robust, valuation concerns seem to be the reason for PLTR stock witnessing time correction.
Among prominent investors with exposure to Palantir, Cathie Wood’s Ark Invest holds approximately 3.11 million shares. However, this is after the recent sale of shares worth $17 million. In context to Ark’s overall holdings, the share sale is minuscule and is unlikely to be seen as a red flag for Palantir.
