Cathie Wood acquired 47.3 Million UiPath shares worth $940 Million. That's 6.28% of their entire equity portfolio (4th largest holding). The investor owns 9.41% 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 two occasions. The investor's estimated purchase price is $2.13 Billion, resulting in a loss of 56%.
Workplace automation company UiPath credits generative AI as a catalyst for its business.
UiPath has quietly become Ark Invest''s fourth-largest holding.
Cathie Wood''s Ark Innovation ETF sold its Nvidia shares before the majority of the chip maker''s stock rally but is backing automation software maker UiPath.
Cathie Wood''s Ark Invest sold the bulk of its Nvidia stake just before the company went on a massive rally. Ark owned 1.3 million shares of Nvidia across al...