Oxford Asset Management LLP Acquires Shares of 70,615 UiPath Inc. (NYSE:PATH)

Oxford Asset Management LLP acquired a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,615 shares of the company's stock, valued at approximately $898,000.

A number of other institutional investors also recently bought and sold shares of PATH. Smartleaf Asset Management LLC lifted its stake in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares during the period. First Horizon Advisors Inc. increased its holdings in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after buying an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 acquiring an additional 1,742 shares during the period. 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 acquiring an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake 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

A number of equities analysts recently commented on the company. UBS Group decreased their target price on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Mizuho reduced their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Evercore ISI lowered their price target 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. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $13.00 price objective on shares of UiPath in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.72.

UiPath Stock Up 1.8 %

NYSE PATH traded up $0.21 during trading on Tuesday, hitting $11.81. 8,675,118 shares of the stock traded hands, compared to its average volume of 10,661,703. The company has a market capitalization of $6.51 billion, a P/E ratio of -73.81 and a beta of 1.04. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $20.95. The firm has a 50-day simple moving average of $11.21 and a 200-day simple moving average of $12.74.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the sale, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at $3,208,739.29. The trade was a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.