Ieq Capital LLC Increases Stock Position in UiPath Inc. (NYSE:PATH)

Ieq Capital LLC lifted its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,885,904 shares of the company's stock after buying an additional 431,451 shares during the period. Ieq Capital LLC owned about 0.34% of UiPath worth $23,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC boosted its stake in shares of UiPath by 33.4% during the 4th 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. Quarry LP boosted its stake in shares of UiPath by 654.4% during the 3rd 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. Allspring Global Investments Holdings LLC boosted its stake in shares of UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock worth $52,000 after purchasing an additional 2,274 shares during the period. True Wealth Design LLC boosted its position in UiPath by 21,710.0% in the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company's stock valued at $56,000 after buying an additional 4,342 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in UiPath in the 3rd quarter valued at about $65,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PATH. JPMorgan Chase & Co. boosted their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. UBS Group began coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a "sell" rating and a $14.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Morgan Stanley boosted their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.44.

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UiPath Stock Down 5.2 %

Shares of NYSE PATH traded down $0.74 during trading hours on Friday, hitting $13.44. 8,770,459 shares of the stock were exchanged, compared to its average volume of 8,496,378. The company has a market cap of $7.38 billion, a PE ratio of -83.97 and a beta of 0.98. The firm has a fifty day moving average price of $13.70 and a 200-day moving average price of $13.14. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47.

Insider Buying and Selling

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