| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
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 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 reported first-quarter revenue of $36.45 billion, up 27% year-over-year and beating the Street consensus estimate of $36.16 billion.
Other Key Trades:
See Also: Bitcoin Faces ‘Second Danger Zone’ As Analyst Warns Of Potential Downside: Here’s What To Expect
Read Next: Supreme Court: Drivers Hauling Baked Goods Are in Transportation, Not Baking
Engineered by Benzinga Neuro, Edited by Shivdeep Dhaliwal
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
