Cathie Wood Buys Another $9.6M In Uipath, Raises Stake In Automation Company To $670M
UiPath Inc (NYSE: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 (BATS:ARKG).
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.