Handelsbanken Fonder AB Increases Stock Position in UiPath Inc. (NYSE:PATH)

Handelsbanken Fonder AB grew its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,700 shares of the company's stock after buying an additional 25,300 shares during the quarter. Handelsbanken Fonder AB's holdings in UiPath were worth $1,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PATH. V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during 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. Quarry LP increased its holdings in 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 buying an additional 2,729 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock worth $52,000 after acquiring an additional 2,274 shares during the period. True Wealth Design LLC boosted its stake in UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company's stock worth $56,000 after purchasing an additional 4,342 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in UiPath during the third quarter worth approximately $65,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Price Performance

PATH traded down $0.01 during mid-day trading on Friday, hitting $12.30. The stock had a trading volume of 8,227,848 shares, compared to its average volume of 8,527,637. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $25.47. The stock's fifty day simple moving average is $13.63 and its 200-day simple moving average is $13.19. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -76.84 and a beta of 0.98.

Wall Street Analyst Weigh In

PATH has been the topic of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. BMO Capital Markets raised their price target on shares of UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Morgan Stanley increased their target price on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. Finally, Barclays cut their target price on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, UiPath presently has an average rating of "Hold" and an average target price of $17.44.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

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.