Cathie Wood Buys Another $9.6M In Uipath, Raises Stake In Automation Company To $670M

Cathie Wood-led Ark Investment Management on Friday snapped up 136,859 shares, estimated to be worth about $9.55 million, in UiPath Inc PATH

Shares of the New York-based software automation company closed 1.04% higher at $69.77 on Friday. 

The investment firm made the purchase via the Ark Genomic Revolution ETF ARKG.

See Also: Cathie Wood, Bullish On Bitcoin, Lifts Coinbase Stake Above $1B, Snaps Up More UiPath Shares

Ark owns PATH shares via all of its six active ETFs. On a consolidated basis, the Wood-led firm now holds over 10 million shares, worth around $670 million in UiPath.

The products of the Bucharest, Romania-based software company are used by organizations to help efficiently automate their various business processes. PATH closed 5.34% higher on Wednesday, giving the company a market valuation of $35.8 billion.

Some of the other key Ark Invest sells on Friday include Pluristem Therapeutics PSTI and buys include Quantum-Si Inc QSI.

See Also: Cathie Wood Loads Up On Quantum-Si For 6th Straight Session: What You Should Know About This Chip Stock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasPenny StocksSector ETFsTrading IdeasETFsARK Investment ManagementCathie Wood
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!