Rockefeller Capital Management L.P. Has $1.76 Million Stake in UiPath Inc. (NYSE:PATH)

Rockefeller Capital Management L.P. decreased its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 53.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,552 shares of the company's stock after selling 161,137 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in UiPath were worth $1,761,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of UiPath in the 4th quarter valued at approximately $71,191,000. Trexquant Investment LP acquired a new position in shares of UiPath in the fourth quarter valued at approximately $15,611,000. Federated Hermes Inc. increased its position in shares of UiPath by 371.6% during the fourth quarter. Federated Hermes Inc. now owns 987,384 shares of the company's stock worth $12,550,000 after acquiring an additional 778,032 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in shares of UiPath by 42.1% during the fourth quarter. Neuberger Berman Group LLC now owns 2,526,348 shares of the company's stock worth $32,113,000 after acquiring an additional 748,940 shares during the period. Finally, Vanguard Group Inc. lifted its position in UiPath by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company's stock valued at $593,101,000 after acquiring an additional 576,458 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Price Performance

UiPath stock traded up $0.44 during trading hours on Thursday, hitting $11.31. The company had a trading volume of 8,347,074 shares, compared to its average volume of 11,974,817. UiPath Inc. has a one year low of $9.38 and a one year high of $20.95. The firm has a market cap of $6.24 billion, a PE ratio of -70.71 and a beta of 1.04. The firm has a 50-day moving average of $11.40 and a 200 day moving average of $12.76.

Insider Transactions at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at $3,208,739.29. This represents a 3.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 22.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $13.00 price target on shares of UiPath in a research note on Wednesday, March 26th. Mizuho cut their target price on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company decreased their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Barclays lowered their price objective on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their target price on shares of UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.72.

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.