Marshall Wace LLP Purchases 1,296,382 Shares of UiPath Inc. (NYSE:PATH)

Marshall Wace LLP increased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 111.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,456,102 shares of the company's stock after buying an additional 1,296,382 shares during the quarter. Marshall Wace LLP owned 0.45% of UiPath worth $31,217,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PATH. Smartleaf Asset Management LLC increased its position 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 buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. raised 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 worth $32,000 after acquiring an additional 804 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 worth $38,000 after purchasing an additional 1,742 shares during the period. V Square Quantitative Management LLC increased its stake in shares of UiPath by 33.4% in 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of UiPath during the 4th quarter valued at $50,000. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Bank of America reaffirmed an "underperform" rating and set a $10.00 price objective (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Royal Bank of Canada restated a "sector perform" rating and set a $13.00 target price on shares of UiPath in a research report on Wednesday, March 26th. Morgan Stanley dropped their price objective on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, UBS Group dropped their price target on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.72.

Insider Activity at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction dated 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 sale, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 22.37% of the stock is owned by company insiders.

UiPath Price Performance

Shares of NYSE:PATH opened at $10.44 on Friday. The business has a 50 day simple moving average of $11.65 and a two-hundred day simple moving average of $12.79. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.95. The firm has a market capitalization of $5.76 billion, a PE ratio of -65.25 and a beta of 1.04.

About UiPath

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.

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