Geode Capital Management LLC Has $89.39 Million Holdings in UiPath Inc. (NYSE:PATH)

Geode Capital Management LLC cut its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,030,807 shares of the company's stock after selling 281,261 shares during the period. Geode Capital Management LLC owned approximately 1.28% of UiPath worth $89,390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of UiPath by 52.1% in the third quarter. Captrust Financial Advisors now owns 36,225 shares of the company's stock valued at $464,000 after buying an additional 12,402 shares during the period. Janus Henderson Group PLC raised its holdings in shares of UiPath by 593.0% during the third quarter. Janus Henderson Group PLC now owns 195,000 shares of the company's stock valued at $2,495,000 after acquiring an additional 166,863 shares during the period. Quarry LP lifted its holdings in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after purchasing an additional 2,729 shares in the last quarter. Quantinno Capital Management LP purchased a new position in UiPath during the 3rd quarter valued at about $154,000. Finally, Stifel Financial Corp increased its stake in UiPath by 30.1% in 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. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Evercore ISI lowered their price target on UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group dropped 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. Scotiabank decreased their price objective on UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company reduced their price target on UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley dropped their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.72.

UiPath Price Performance

PATH traded up $0.03 during trading on Wednesday, hitting $10.61. 6,147,312 shares of the stock traded hands, compared to its average volume of 10,380,536. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $20.95. The business has a 50 day moving average price of $11.87 and a 200 day moving average price of $12.84. The company has a market cap of $5.85 billion, a price-to-earnings ratio of -66.34 and a beta of 1.04.

Insider Activity at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the transaction, the chief accounting officer now owns 314,891 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.37% of the stock is currently owned by insiders.

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.