PLTR - Cathie Wood's Ark Invest Scoops Up Over $4M Worth Of Palantir Meta Platforms Shares | Benzinga
On Monday, Cathie Wood’s Ark Invest made significant trades, notably in Palantir Technologies Inc (NYSE:PLTR) and Meta Platforms Inc (NASDAQ:META).
The PLTR Trade
Ark Invest, through its ARK Autonomous Technology & Robotics ETF (BATS: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 comes ahead 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 (NYSE:ARKF) fund acquired 922 shares, ARK Innovation ETF (NYSE:ARKK) bought 5893 shares, and ARK Next Generation Internet ETF (NYSE:ARKW) added ...