Federated Hermes Inc. Has $12.55 Million Stake in UiPath Inc. (NYSE:PATH)

Federated Hermes Inc. lifted its stake in UiPath Inc. (NYSE:PATH - Free Report) by 371.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 987,384 shares of the company's stock after purchasing an additional 778,032 shares during the quarter. Federated Hermes Inc. owned 0.18% of UiPath worth $12,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in UiPath by 88.5% in the fourth 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. increased its stake in shares of UiPath by 47.8% during the 4th 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. EverSource Wealth Advisors LLC boosted its holdings in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after buying an additional 1,742 shares during the period. V Square Quantitative Management LLC grew its holdings in UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after buying an additional 759 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after purchasing an additional 2,729 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

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UiPath Stock Performance

UiPath stock traded down $0.08 during trading hours on Tuesday, reaching $10.64. 2,528,085 shares of the stock were exchanged, compared to its average volume of 10,259,214. The firm's 50 day moving average is $11.95 and its 200 day moving average is $12.85. The stock has a market cap of $5.87 billion, a P/E ratio of -66.41 and a beta of 1.04. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $20.95.

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 sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Bank of America reiterated an "underperform" rating and issued a $10.00 price objective (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Royal Bank of Canada restated a "sector perform" rating and set a $13.00 price target on shares of UiPath in a research report on Wednesday, March 26th. Canaccord Genuity Group cut their price objective on shares of UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Finally, BMO Capital Markets decreased their target price on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, UiPath presently has a consensus rating of "Hold" and an average price target of $12.72.

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.