On Wednesday, Ark Investment Management, led by Cathie Wood, lifted millions of shares of the software automation company in New York UiPath Inc. (NYSE: PATH) on the day it started trading.
The investment firm has deployed all six active ETFs to buy the $ 2.74 million stock valued at $ 188.98 million since UiPath closed on $ 69 on Wednesday.
The transactions were made by ETF Ark Innovation (NYSE: ARKK), Autonomous and robotic technology (BATS: ARKQ), Next-generation Internet ETFs (NYSE: ARKW), Fintech Innovation ETF (NYSE: ARKF), ETF Genomic Revolution (BATS: ARKG) and Space Exploration and Innovation ETF (BATS: ARKX).
ARKF bought 238,407 shares, ARKG bought 540,806 shares, ARKK bought 1,348,999 shares, ARKQ bought 187,267 shares, ARKW bought 384,976 shares, and ARKX bought 38,475 shares; all representing approximately 0.38% of those ETFs.
The products of the software company from Bucharest, from Romania, are used by organizations to help the efficient automation of different business processes. PATH closed 5.34% higher on Wednesday, giving the company a market valuation of $ 35.8 billion.
See also: Cathie Wood uploads on DraftKings, Coinbase, Palantir, sells Nvidia, Square
Wood, which considers Tesla to be the largest stake and recently updated the target price of the share to $ 3,000, sold 163,981 shares valued at $ 122 million, based on Wednesday’s closure of the electric vehicle manufacturer, USD 744.12.
ARKK sold Tesla shares representing 0.497% of the ETF. Tesla continues to be Ark’s top owners.
See also: Cathie Wood cuts the Tesla stake and charges a lot on Coinbase
The New York-based investment firm also sold 307,575 shares Square Inc (NYSE: SQ), estimated at about $ 75.4 million. Square is among Ark’s top three farms.
ARKK sold 170,764 shares representing 0.175% of the ETF, and ARKW sold 136,811 shares representing 0.49% of the ETF.
The investment firm also sold 83,881 shares of the software company Xilinx Inc. (NASDAQ: XLNX) is to be purchased by the chip manufacturer Advanced Micro Devices Inc (NASDAQ: AMD). ARKQ and ARKX bought shares estimated at about $ 10.6 million, starting with Wednesday’s closing price of $ 126.95.
He also obtained several shares of the exercise bike manufacturer Peloton Interactive Inc. (NASDAQ: PTON) is buying 152,289 shares through ARKW and is estimated to be worth about $ 15.2 million since Wednesday’s closing of the share.
Shares of Peloton closed 6.17% lower on Wednesday at $ 99.93.
The investment firm bought a total of 58,881 shares of the online streaming site Netflix Inc. (NASDAQ: NFLX) through ARK and ARKX ETFs. Shares of Netflix closed 7.40% lower at $ 508.90 on Wednesday. It has a maximum of 523 weeks of $ 593.29 and a minimum of $ 393.60.
The investment firm sold 119,279 shares of the online payment company, representing approximately 0.46% of the ARKW ETF.
See also: How Netflix prepares to tackle “lighter content” that has affected Q1 growth
PayPal shares closed 0.17% higher on Wednesday at $ 264.89. He has a 52-week high of $ 309.14 and a low of $ 107.41.
Other ark purchases on Wednesday:
- Recursive pharmaceuticals (NASDAQ: RXRX)
- Ionis Pharmaceuticals (NASDAQ: IONS)
- 908 Devices (NASDAQ: TABLE)
- Skillz (NYSE: SKLZ)
- Iridium Communications (NASDAQ: IRDM)
- DraftKings (NASDAQ: DKNG)
- Coinbase Global (NASDAQ: CURRENCY)
- Berkeley Lights (NASDAQ: BLI)
- Beam Therapeutics (NASDAQ: BEAM)
- Acquisition of Jaws Spitfire (NYSE: SPFR)
- Niu Technologies (NASDAQ: NIU)
- 3D systems (NYSE: DDD)
- Tencent (OTC: TCEHY)
- Pinduoduo (NASDAQ: PDD)
- Reinvent technology partners (NYSE: RTP)
Other bows sell Wednesday:
- intuit (NASDAQ: YOU)
- Nvidia (NASDAQ: NVDA)
- LendingTree (NASDAQ: TREE)
- Working day (NASDAQ: WDAY)
- Thermo FIsher Scientific (NYSE: TMO)
- Syros Pharmaceutical products (NASDAQ: SYRS)
- Novartis (NYSE: NVS)
- Roche (OTC: RHHBY)
- Regeneron Pharmaceutical products (NASDAQ: REGN)
- Freesia (NYSE: PHR)
- Twitter (NYSE: TWTR)
- adze (NASDAQ: TSLA)
- Synopsis (SNPS)
- Year (NASDAQ: ROKU)
- PACCAR (NASDAQ: PCAR)
- Pure storage (NYSE: PSTG)
- HubSpot (NYSE: HUBS)
- DocuSign (NASDAQ: DOCU)
- Intercontinental exchange (NYSE: ICE)
Photo courtesy of Uipath
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