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.

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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.

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