Cathie Wood Can't Get Enough Of Uipath, Buys Another $17M Sh

Cathie Wood Can't Get Enough Of Uipath, Buys Another $17M Shares


Cathie Wood Can't Get Enough Of Uipath, Buys Another $17M Shares
UiPath Inc (NYSE:PATH).
Shares of the New York-based software automation company closed 0.16% higher at $68.49 on Friday. 
The investment firm bought the shares of UiPath via the
Ark Innovation ETF(NYSE:ARKK).
Ark owns PATH shares via all of its six active ETFs. On a consolidated basis, the Wood-led firm held over 12.5 million shares, worth around $855 million, in UiPath ahead of Friday’s trade.
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.

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