American Century Companies Inc. Boosts Stake in UiPath Inc. (NYSE:PATH)

American Century Companies Inc. lifted its position in UiPath Inc. (NYSE:PATH - Free Report) by 103.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,191 shares of the company's stock after acquiring an additional 77,983 shares during the quarter. American Century Companies Inc.'s holdings in UiPath were worth $1,947,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 valued at $31,000 after purchasing an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. increased its holdings 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 buying an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after buying an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC raised its position in UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after acquiring an additional 759 shares during the period. Finally, Quarry LP boosted its stake in UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after acquiring an additional 2,729 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

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UiPath Trading Up 2.4 %

Shares of PATH traded up $0.26 during midday trading on Friday, reaching $10.89. The stock had a trading volume of 18,592,011 shares, compared to its average volume of 10,271,819. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of -68.03 and a beta of 1.04. The company's 50-day moving average is $12.03 and its 200 day moving average is $12.87. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $20.95.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of recent research reports. BMO Capital Markets dropped their price target on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Evercore ISI cut their target price on shares of UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a research report on Thursday, March 13th. Morgan Stanley lowered their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Barclays cut their price objective on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $13.00 price objective on shares of UiPath in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.78.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.37% of the stock is owned by insiders.

UiPath Company Profile

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.