Artisan Partners Limited Partnership lessened its stake in UiPath Inc. (NYSE:PATH - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,618,429 shares of the company's stock after selling 802,532 shares during the quarter. Artisan Partners Limited Partnership owned about 0.66% of UiPath worth $45,990,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its position in UiPath by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after buying an additional 736 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of UiPath by 33.4% in 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 in the last quarter. First Horizon Advisors Inc. increased its stake in shares of 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 during the period. Amalgamated Bank raised its holdings in UiPath by 3.1% during the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after purchasing an additional 836 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in UiPath by 88.5% in the fourth 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 period. Hedge funds and other institutional investors own 62.50% of the company's stock.
Insider Activity
In related news, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the transaction, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.
UiPath Stock Performance
PATH stock traded up $0.24 during trading on Wednesday, hitting $10.74. The stock had a trading volume of 2,854,604 shares, compared to its average volume of 10,478,038. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of -67.09 and a beta of 1.00. The company's 50 day moving average price is $12.78 and its two-hundred day moving average price is $13.02. UiPath Inc. has a 1-year low of $9.50 and a 1-year high of $22.11.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on PATH. UBS Group cut their target price on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. BMO Capital Markets cut their price objective on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research report on Friday, March 14th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Morgan Stanley cut their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Scotiabank decreased their price objective on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.62.
Read Our Latest Research Report on UiPath
UiPath Company Profile
(
Free Report)
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.
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