Aware Super Pty Ltd as trustee of Aware Super Acquires New Stake in UiPath Inc. (NYSE:PATH)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 172,895 shares of the company's stock, valued at approximately $2,197,000.

A number of other large investors have also made changes to their positions in PATH. CIBC Asset Management Inc grew its holdings 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 in the last quarter. V Square Quantitative Management LLC grew 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 purchasing an additional 759 shares during the period. First Horizon Advisors Inc. increased its position 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 purchasing an additional 804 shares during the last quarter. Amalgamated Bank raised its stake 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 during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% in 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. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the transaction, the chief accounting officer now owns 314,891 shares of the company's stock, valued at $3,208,739.29. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 22.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PATH. Barclays reduced their price target on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. Mizuho lowered their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company reduced their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Two research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.72.

UiPath Stock Performance

Shares of NYSE:PATH traded up $0.06 during trading hours on Friday, reaching $10.44. The stock had a trading volume of 11,973,213 shares, compared to its average volume of 10,506,864. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of -65.25 and a beta of 1.04. The firm's 50 day moving average is $11.65 and its 200-day moving average is $12.79. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.95.

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.