Teacher Retirement System of Texas Buys Shares of 42,788 UiPath Inc. (NYSE:PATH)

Teacher Retirement System of Texas acquired a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 42,788 shares of the company's stock, valued at approximately $544,000.

Several other large investors also recently modified their holdings of PATH. Smartleaf Asset Management LLC lifted its position in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares during the period. First Horizon Advisors Inc. raised its stake in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after acquiring an additional 1,742 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after purchasing an additional 759 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after purchasing an additional 2,729 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PATH. Royal Bank of Canada reissued a "sector perform" rating and set a $13.00 price target on shares of UiPath in a report on Wednesday, March 26th. Morgan Stanley cut their target price on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company decreased their price target on UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. raised their price target on UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Finally, Canaccord Genuity Group reduced their price objective on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $13.62.

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Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.

UiPath Price Performance

Shares of UiPath stock traded up $0.20 on Tuesday, hitting $10.50. 9,933,847 shares of the company's stock traded hands, compared to its average volume of 9,837,969. The firm's 50-day moving average price is $12.84 and its two-hundred day moving average price is $13.03. The stock has a market capitalization of $5.79 billion, a PE ratio of -65.64 and a beta of 1.00. UiPath Inc. has a one year low of $9.50 and a one year high of $22.83.

About UiPath

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.