Cathie Wood-LED ARK Investment Management charged a full use Palantir Technologies Inc PLTR after the company announced strong quarterly earnings and said it expects to remain profitable each quarter quarter to the end of the year.

Middle operated by ARC purchased over 4.37 million shares of Palantir at an estimated value of over $43 million. The purchase was made through the flagship ARK Innovation ETF ARKK and the ARK Next Generation Internet ETF ARKW.

Also read: How to buy Palantir Technologies (PLTR) stock.

Palantirs Revenue in the first quarter was up 18% year over year to $525 million, beating a median analyst estimate of $505.6 million. The company expects full-year sales to be in a range of $2.185 billion to $2.235 billion versus an estimate of $2.2 billion.

“And we now expect to remain profitable each quarter through the end of the year. Also, in the last quarter, we posted an operating profit for the first time in our history. We generated revenue of $525 million in the first quarter, a result that exceeded our original guidance and yet underestimated the magnitude of the opportunity before us,” CEO Alex Karp it says in its letter to shareholders.

The stock is up over 33% in the last five days and is up over 55% year-to-date.

Big purchase: ARK also bought over 416,000 shares of Twilio Inc TWO with an estimated value of over 20 million US dollars. The purchase comes on a day when the stock fell over 12% after the company released first-quarter results and a weak revenue guidance. Twilio expects revenue of between $980 million and $990 million for the second quarter versus an estimate of $1.05 billion.

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