Cathie Wood-led Ark Investment Management on Tuesday snapped up 2.8 million shares, worth about $56.7 million, in Palantir Technologies Inc PLTR after the data analytics company reported strong earnings on Tuesday.
Shares of Palantir, which reported earnings before the market opened, were down to about $16.50 in premarket trading on Tuesday before staging a reversal that saw the stock close up 9.42% at $20.21. The shares were further up 2.3% in extended hours.
See also: How to Buy Palantir Technologies (PLTR) Stock
The trades were made through Ark Innovation ETF ARKK and the ARK Next Generation Internet ETF ARKW, which together held PLTR shares, worth about $414 million, ahead of Tuesday’s trade.
No other Ark ETF has a position in Palantir.
The New York-based investment firm had on Monday also snapped up 1.36 million shares in Palantir.
See Also: Palantir Stages Reversal Following 'Phenomenal' Earnings Report, Says Roger Monteforte
Palantir reported first-quarter earnings of 4 cents per share on Tuesday, which was in line with the consensus estimate. Revenue grew 49% year-over-year to $341 million, which beat the estimate of $332.23 million. Palantir also reaffirmed its guidance for annual revenue growth of 30% or greater through 2025.
On the conference call, the company said it would begin accepting Bitcoin as payment from customers. Further, Palantir said it's considering investing in Bitcoin or other cryptocurrencies.
See Also: Cathie Wood Cuts Apple Stake By 30% And Buys Coinbase, DraftKings
Other Ark Buys On Tuesday:
- Coinbase Global Inc COIN
- Veracyte Inc VCYT
- 908 Devices Inc MASS
- Repare Therapeutics Inc RPTX
- Ionis Pharmaceuticals Inc IONS
- Adaptive Biotechnologies Corp ADPT
- CM Life Sciences II Inc CMII
- CareDx Inc CDNA
- Codexis Inc CDXS
- Uipath Inc PATH
- Roku Inc ROKU
- Shopify Inc SHOP
- Spotify Technologies SPOT
- TuSimple Holdings TSP
- Unity Software Inc U
- Zoom Video Communications Inc ZM
- Pacific Biosciences of California Inc PACB
- Beam Therapeutics BEAM
- Berkeley Lights Inc BLI
- Fate Therapeutics Inc FATE
- DraftKings Inc DKNG
- Crispr Therapeutics AG CRSP
- One AONE
- Kratos Defense & Security Solutions Inc KTOS
- Iridium Communications Inc IRDM
- The 3D Printing ETF PRNT
- Teradyne Inc TER
- JD.com Inc JD
Other Ark Sells On Tuesday:
- Yeahka Ltd YHEKF
- Silvergate Capital Corp SI
- Phreesia Inc PHR
- Syros Pharmaceuticals Inc SYRS
- Nanostring Technologies Inc NSTG
- Sarepta Therapeutics Inc SRPT
- Roche Holding Ag RHHBY
- Pluristem Therapeutics Inc PSTI
- KE Holdings BEKE
- Baidu Inc BIDU
- Lendingtree Inc TREE
- Synopsys Inc SNPS
- Novartis Ag NVS
- Regeneron Pharmaceuticals Inc REGN
- Nintendo Co Ltd NTDOY
- Huya Inc HUYA
- Organovo Holdings Inc ONVO
- Komatsu Ltd KMTUY
- Workhorse Group Inc WKHS
- Alphabet Inc GOOGL
- Intercontinental Exchange Inc ICE
- Agora Inc API
- Adyen Nv ADYEY
- LendingTree Inc TREE Virgin Galactic Holdings Inc SPCE
- Deere & Co DE
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