Arrowstreet Capital Limited Partnership Takes Position in UiPath Inc. (NYSE:PATH)

Arrowstreet Capital Limited Partnership bought a new position in UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 454,421 shares of the company's stock, valued at approximately $5,776,000. Arrowstreet Capital Limited Partnership owned approximately 0.08% of UiPath at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% in the 4th 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 grew its holdings in shares of UiPath by 141.4% in 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 in the last quarter. V Square Quantitative Management LLC increased its position in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after acquiring an additional 759 shares during the last quarter. Finally, Quarry LP lifted its holdings in UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after acquiring an additional 2,729 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

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UiPath Price Performance

Shares of PATH traded up $0.26 during midday trading on Friday, hitting $10.89. 18,592,011 shares of the company traded hands, compared to its average volume of 10,253,219. UiPath Inc. has a one year low of $9.38 and a one year high of $21.17. The firm has a market cap of $6.00 billion, a P/E ratio of -68.03 and a beta of 1.04. The stock has a 50-day moving average of $12.03 and a 200-day moving average of $12.87.

Insider Activity at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the 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 sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. This represents a 3.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PATH. Canaccord Genuity Group reduced their price objective on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. UBS Group decreased their price objective on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, March 13th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $13.00 target price on shares of UiPath in a research note on Wednesday, March 26th. Scotiabank decreased their price target on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Finally, Mizuho dropped their price objective on UiPath from $14.00 to $12.00 and set a "neutral" 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 assigned a buy rating to the company. Based on data from MarketBeat, UiPath has a consensus rating of "Hold" and an average price target of $12.78.

UiPath 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.