ARK Invest, led by Cathie Wood, sold 139,456 Palantir shares worth approximately $26 million on August 31, extending a series of August disposals that included more than $27 million in Palantir stock on August 21. The sales came after Palantir shares rose 48.3% following its second-quarter earnings release on August 3. ARK redirected proceeds into $38.1 million of Block stock and $12.8 million of Rocket Lab shares, while also selling approximately $4 million of Advanced Micro Devices, $12.3 million of Shopify and about $10.9 million of Tempus AI. Palantir remains the 10th-largest holding in the ARK Innovation ETF, with a 3% allocation. Its second-quarter revenue reached $1.94 billion, above the $1.80 billion Wall Street forecast, while adjusted earnings were $0.41 per share versus the $0.35 consensus estimate. TipRanks analysts maintain a Moderate Buy consensus, based on 17 Buy, four Hold and two Sell recommendations, with an average price target of $197.89, implying about 6.2% upside from around $186.38. The relatively limited implied upside suggests that valuation and recent gains may have influenced ARK's decision to reduce exposure, leaving investors focused on whether the fund will continue trimming its stake if Palantir remains highly valued.