Horrell Capital Management Inc. Grows Holdings in UiPath Inc. (NYSE:PATH)

Horrell Capital Management Inc. grew its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 365,000 shares of the company's stock after purchasing an additional 75,000 shares during the period. UiPath makes up about 1.4% of Horrell Capital Management Inc.'s portfolio, making the stock its 26th biggest holding. Horrell Capital Management Inc. owned about 0.07% of UiPath worth $4,639,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares during the period. First Horizon Advisors Inc. grew its stake in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after purchasing an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after purchasing an additional 1,742 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares during the period. Finally, Quarry LP boosted its position 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 during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

PATH has been the topic of several recent research reports. Evercore ISI dropped their price objective on shares of UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a report on Thursday, March 13th. Bank of America reiterated an "underperform" rating and set a $10.00 price objective (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Wells Fargo & Company lowered their target price on UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group reduced their price target on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Scotiabank decreased their target price on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Two equities research 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. According to data from MarketBeat.com, UiPath has an average rating of "Hold" and an average price target of $13.62.

UiPath Trading Down 2.4 %

Shares of NYSE PATH traded down $0.27 during midday trading on Friday, reaching $10.61. 1,659,066 shares of the company were exchanged, compared to its average volume of 9,571,862. The stock has a fifty day simple moving average of $12.94 and a 200 day simple moving average of $13.04. The stock has a market cap of $5.83 billion, a P/E ratio of -66.24 and a beta of 1.00. UiPath Inc. has a 1 year low of $9.50 and a 1 year high of $23.04.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 856,538 shares of the company's stock, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

UiPath Company 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.