D.A. Davidson & CO. trimmed its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,992 shares of the company's stock after selling 18,675 shares during the period. D.A. Davidson & CO. owned approximately 0.10% of UiPath worth $6,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board raised its holdings in UiPath by 136.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock valued at $1,392,000 after buying an additional 62,650 shares during the period. Stifel Financial Corp raised its holdings in UiPath by 30.1% during the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock valued at $4,145,000 after buying an additional 74,959 shares during the period. Senvest Management LLC raised its holdings in UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after buying an additional 1,559,500 shares during the period. Quantbot Technologies LP raised its holdings in UiPath by 667.7% during the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock valued at $1,302,000 after buying an additional 88,468 shares during the period. Finally, LMR Partners LLP purchased a new stake in UiPath during the 3rd quarter valued at $561,000. 62.50% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at UiPath
In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the 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. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the 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 completion of the sale, the chief financial officer now owns 856,538 shares of the company's stock, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on PATH. UBS Group began coverage on UiPath in a research note on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their target price on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. Barclays reduced their target price on UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, January 10th. Finally, BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.44.
View Our Latest Stock Report on UiPath
UiPath Stock Performance
PATH stock traded down $0.74 during trading on Friday, reaching $13.44. 8,770,459 shares of the company traded hands, compared to its average volume of 8,496,378. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47. The business has a 50 day simple moving average of $13.70 and a 200 day simple moving average of $13.14. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of -83.97 and a beta of 0.98.
About UiPath
(
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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