Palantir Soars To $150B Market Cap As Analysts Flag Risks In Valuation, Insider Sales

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Hedge Funds Take Profits, Not Exit

Palantir’s stock has captured market attention with its meteoric rise to a 52-week high of $66.07, but hedge funds are stepping back—albeit cautiously.

Late Jim Simons‘ Renaissance Technologies and Cathie Wood‘s ARK Investment Management offloaded a combined over 3 million shares in the third quarter, trimming their stakes while still holding significant positions.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: Trading Ideas Long Ideas Renaissace Technologies Cathie Wood Expert Ideas PLTR Stories That Matter Jim Simons Benzinga Pro Project ARK Invest Alexander Karp AI Hedge Funds Top Stories Tech KeyProj

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 15:05:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23665130

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