Cathie Wood's Ark Invest Scoops Up Over $4M Worth Of Palantir, Meta Platforms Shares

Benzinga04-30

On Monday, Cathie Wood’s Ark Invest made significant trades, notably in Palantir Technologies Inc and Meta Platforms Inc.

The PLTR Trade

Ark Invest, through its ARK Autonomous Technology & Robotics ETF (ARKQ), acquired 203,197 shares of Palantir. Based on the closing price of $22.83 on the same day, the value of the trade is approximately $4.6 million. This move comesahead of Palantir’s Q1 earnings report, scheduled for May 5, 2024. Analysts expect the company to report earnings per share of 8 cents on revenue of $625.33 million, representing an increase from the previous quarter.

The META Trade

Ark Invest also showed interest in Meta Platforms buying shares across multiple ETFs. The Ark Fintech Innovation ETF (ARKF) fund acquired 922 shares, ARK Innovation ETF (ARKK) bought 5893 shares, andARK Next Generation Internet ETF (ARKW) added 3000 shares. The total purchase, calculated from the closing price of $432.62, amounts to approximately $4.2 million. This comes after the Mark Zuckerberg-led company reportedfirst-quarter revenueof $36.45 billion, up 27% year-over-year and beating the Street consensus estimate of $36.16 billion.

Other Key Trades:

Ark Invest sold shares of Teladoc Health Inc (TDOC) from its ARKK fund and shares of 2U Inc (TWOU) were sold from the ARKK fund.
The ARKQ fund sold shares of Kratos Defense and Security Solutions Inc (KTOS). Ark Invest bought shares of Advanced Micro Devices Inc (AMD) for its ARKQ fund.

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Comments

SamsonChow
04-30
SamsonChow
Palantir 加油！

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This move comesahead of Palantir’s Q1 earnings report, scheduled for May 5, 2024. Analysts expect the company to report earnings per share of 8 cents on revenue of $625.33 million, representing an increase from the previous quarter.</p><p style=\"text-align: start;\"><strong>The META Trade</strong></p><p style=\"text-align: start;\">Ark Invest also showed interest in Meta Platforms buying shares across multiple ETFs. The <strong>Ark Fintech Innovation ETF (ARKF) </strong>fund acquired 922 shares, <strong>ARK Innovation ETF (ARKK) </strong>bought 5893 shares, and<strong>ARK Next Generation Internet ETF (ARKW) </strong>added 3000 shares. The total purchase, calculated from the closing price of $432.62, amounts to approximately $4.2 million. 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