cathie woodled ark investment management bought over 34 million shares of software company uipath inc path valued at over 47 million based on wednesday’s closing price the share purchases were done through five of the company’s exchangetraded funds including the flagship ark innovation etf arkk uipath is the ninth largest holding in ark innovation etf which holds over 20 million shares of the company valued at over 320 million also read will the fed funds rate continue to go up fed officials weigh in on how to reduce inflation price action uipath shares closed over 11 lower on wednesday after the company issued weak guidance uipath said it expected fiscal thirdquarter revenue to be between 243 million and 245 million versus the estimate of 2696 million the company that makes robotic process automation software expects fullyear revenue in the range of 1002 billion to 1007 billion versus the estimate of 109 billion uipath registered a secondquarter net loss of 2 cents per share which beat average analyst estimates of a loss of 11 cents per share shares of uipath have lost over 36 in one month several analysts have made changes to their price targets on uipath