Cathie Wood Piles On Another $59M In Uipath, Sells $2.6M In Roku


Cathie Wood-led Ark Investment Management on Tuesday snapped up 858,129 shares, estimated to be worth about $59.12 million, in UiPath Inc PATH on the dip.

Shares of the New York-based software automation company closed 3.34% lower at $68.90 on Tuesday. 

The investment firm owns UiPath shares via all of its six active ETFs but deployed the Ark Genomic Revolution ETF ARKG and the Ark Innovation ETF ARKK to buy the stock on Tuesday.

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

On a consolidated basis, the Wood-led firm's ETFs held 10.10 million shares, worth around $720.23 million in UiPath, ahead of Tuesday’s trades.

The Romania-based software company’s products are used by organizations to help automate their various business processes.

The New York-based investment firm also sold 5,986 shares via Ark Next Generation Internet ETF ARKW, estimated to be worth about $2.64 million, in Roku Inc ROKU on Tuesday.

Shares of the San Jose, California-based company that makes a host of digital media players for video streaming, closed marginally higher at $440.48 on Tuesday.

ARKK and ARKW together held 4.22 million shares, worth about $1.86 billion, in Roku ahead of Tuesday’s trade.

Some of the other key Ark Invest sells on Tuesday include Pluristem Therapeutics Inc PSTI, and buys include Galileo Acquisition Corp GLEO.

Posted In: Penny StocksSector ETFsTrading IdeasETFsARK Investment ManagementCathie Wood