ExodusPoint Capital Management LP increased its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 720,423 shares of the company's stock after purchasing an additional 223,669 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.13% of UiPath worth $9,157,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PATH. Trexquant Investment LP acquired a new stake in UiPath in the 4th quarter worth about $15,611,000. HighPoint Advisor Group LLC acquired a new stake in UiPath in the fourth quarter valued at approximately $311,000. Franklin Resources Inc. lifted its holdings in UiPath by 1,245.4% in the 4th quarter. Franklin Resources Inc. now owns 136,690 shares of the company's stock worth $1,737,000 after buying an additional 126,530 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in UiPath during the 4th quarter valued at approximately $5,776,000. Finally, Pictet Asset Management Holding SA increased its holdings in UiPath by 14.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 67,861 shares of the company's stock worth $863,000 after purchasing an additional 8,497 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
UiPath Stock Down 6.0 %
NYSE PATH traded down $0.67 during trading on Thursday, hitting $10.41. The company's stock had a trading volume of 4,226,465 shares, compared to its average volume of 10,127,162. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $21.66. The firm has a market cap of $5.74 billion, a P/E ratio of -65.14 and a beta of 1.04. The firm has a 50 day moving average price of $12.17 and a 200 day moving average price of $12.89.
Insider Buying and Selling at UiPath
In related news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.37% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on PATH shares. BMO Capital Markets decreased their price target on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating for the company 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 on the stock in a research note on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. Scotiabank decreased their target price on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley decreased their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.78.
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About UiPath
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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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