Sei Investments Co. Buys 133,616 Shares of UiPath Inc. (NYSE:PATH)

Sei Investments Co. increased its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 131.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,884 shares of the company's stock after buying an additional 133,616 shares during the period. Sei Investments Co.'s holdings in UiPath were worth $2,985,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PATH. Smartleaf Asset Management LLC grew its holdings 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 valued at $31,000 after buying an additional 1,152 shares during the period. First Horizon Advisors Inc. lifted its stake in UiPath by 47.8% in 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of UiPath by 141.4% during 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 in the last quarter. V Square Quantitative Management LLC boosted its stake in UiPath by 33.4% in 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. Finally, Quarry LP raised its stake in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after purchasing an additional 2,729 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PATH shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $13.00 price target on shares of UiPath in a research note on Wednesday, March 26th. UBS Group cut their price target on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Scotiabank cut their price objective on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Bank of America reissued an "underperform" rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Finally, Morgan Stanley lowered their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.62.

UiPath Price Performance

NYSE:PATH traded down $0.23 during mid-day trading on Friday, reaching $10.04. The stock had a trading volume of 21,037,997 shares, compared to its average volume of 9,957,396. UiPath Inc. has a 12 month low of $9.50 and a 12 month high of $21.90. The stock has a 50-day simple moving average of $12.58 and a two-hundred day simple moving average of $12.97. The stock has a market capitalization of $5.53 billion, a PE ratio of -62.72 and a beta of 1.00.

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.