| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Cathie Wood-led Ark Investment Management on Wednesday snapped up millions of shares of the New York-based software automation company UiPath Inc (NYSE:PATH) on the day that it made its trading debut.
The investment firm deployed all its six active ETFs to buy the 2.74 million shares estimated to be worth $188.98 million as of UiPath’s Wednesday close of $69.
Trades were made by the Ark Innovation ETF (NYSE:ARKK), Autonomous Technology & Robotics (BATS:ARKQ), Next Generation Internet ETF (NYSE:ARKW), Fintech Innovation ETF (NYSE:ARKF), Genomic Revolution ETF (BATS:ARKG) and the Space Exploration & 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 about 0.38% of the respective ETFs.
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.
See Also: Cathie Wood Loads Up On DraftKings, Coinbase, Palantir, Sells Nvidia, Square
Wood’s firm, which counts Tesla as its largest holding and had recently updated the stock’s target price to $3,000, sold 163,981 shares estimated to be worth $122 million based on the electric vehicle maker’s Wednesday close of $744.12.
ARKK sold Tesla shares representing 0.497% of the ETF. Tesla continues to be Ark’s top holdings.
See Also: Cathie Wood Trims Tesla Stake And Loads Up Heavily On Coinbase
The new York-based investment firm also sold 307,575 shares of Square Inc (NYSE:SQ), estimated to be worth about $75.4 million. Square is among Ark’s top three holdings.
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) slated to be acquired by chipmaker Advanced Micro Devices Inc (NASDAQ:AMD). ARKQ and ARKX bought shares estimated to be worth about $10.6 million as of the stock’s Wednesday closing price of $126.95.
It also snapped up more shares of the exercise bike maker Peloton Interactive Inc (NASDAQ:PTON) buying 152,289 shares via ARKW and estimated to be worth about $15.2 million as of the stock’s Wednesday close.
Peloton shares closed 6.17% lower at $99.93 on Wednesday.
The investment firm bought a total of 58,881 shares of the online streaming website Netflix Inc (NASDAQ:NFLX) via ARK and ARKX ETFs. Netflix stock closed 7.40% lower at $508.90 on Wednesday. It has a 52-week high of $593.29 and low of $393.60.
The investment firm sold 119,279 shares of the online payment company, representing about 0.46% of the ARKW ETF.
See Also: How Netflix Is Preparing To Combat The 'Lighter Content Slate' That Affected Q1 Growth
PayPal shares closed 0.17% higher at $264.89 on Wednesday. It has a 52-week high of $309.14 and low of $107.41.
Other Ark Buys On Wednesday:
Other Ark Sells On Wednesday:
Photo Courtesy of Uipath
Posted In: AMD ARKF ARKG ARKK ARKQ ARKW ARKX BEAM BLI COIN DDD DKNG DOCU HUBS ICE INTU IONS IRDM MASS NFLX
