Cathie Wood's Ark Invest faced significant losses after purchasing 451,000 shares of UiPath Inc. (PATH) on May 28. The stock dropped nearly 28% in after-hours trading on May 29. Despite UiPath reporting a quarterly EPS of $0.13, which beat the $0.12 estimate, the company's sales forecast fell short of expectations. UiPath projected 2025 revenue between $1.41 billion and $1.41 billion, below the estimated $1.56 billion, and a full-year operating profit of $145 million, compared to the expected $295 million. The timing of the purchase led to over $9 million in losses for Ark Invest.
Cathie Wood's Ark Invest sustained losses of over $2 million today after purchasing 451,000 shares of $PATH yesterday. The stock is down almost 30% in after hours. Impeccable timing! https://t.co/0iehljybJJ
Cathie Wood's Ark Invest sustained losses of over $9 million today after purchasing 451,000 shares of $PATH yesterday. The stock is down almost 30% in after hours. Impeccable timing! https://t.co/pF2nUIIRrk
Yesterday, Cathie Wood of $ARKK bought 450,000 shares of $PATH. Today, it dropped 28% in after hours. https://t.co/vCFJCZlXnH
$PATH is down 30% after hours! Cathie sure knows how to pick 'em.... $ARKK - quarterly eps $0.13 beats $0.12 estimate, but sales forecast misses BIGLY - sees 2025 revenue of $1.41bn to $1.41bn, vs est $1.56bn - sees full year operating profit $145mn vs est $295mn - sadly, not… https://t.co/EwaSaxKZFA
$PATH down 30% AH… does Cathie still own?
Cathie Wood and Ark Invest's trade activity from today 5/28 https://t.co/7UHScswSi5