Cathie Wood, head of Ark Investment Management, does not panic when the prices of her favorite tech stocks fall. She in fact buys the dip. And the prominent asset manager just bought into a tech stock that has lost nearly a quarter of its market value over the past month.

Cathie Wood’s Ark Invest made a significant move on Tuesday, selling more than 550,000 shares of UiPath (NYSE:PATH) as the company’s stock continues to decline. The global software provider has seen a 7.