Cathie Wood acquired 31.6 Million UiPath shares worth $605 Million. That's 4.91% of their equity portfolio (5th largest holding). The investor owns 5.36% of the outstanding UiPath stock. The first UiPath trade was made in Q2 2021. Since then Cathie Wood bought shares seven more times and sold shares on four occasions. The investor's estimated purchase price is $1.42 Billion, resulting in a loss of 58%.
The AI stock is growing quickly and is relatively cheap.
The Motley Fool, 12 days agohttps://www.investing.com/news/company-news/cathie-woods-ark-etf-adjusts-holdings-with-twist-and-uipath-stock-trades-93CH-3356029
Investing.com, 22 days agoUiPath is the IBD Stock of the Day as bulls and bears on PATH stock clash over the impact of generative artificial intelligence on its growth prospects.
Investor''s Business Daily, 3 months agoARK Invest''s portfolio value surged 29% to $16.89 billion this quarter with top holdings in Coinbase, UiPath, and Tesla. Read more on the portfolio here.
Seeking Alpha, 3 months ago