Sei Investments Co. Has $2.99 Million Stake in UiPath Inc. (NYSE:PATH)

Sei Investments Co. raised its stake in UiPath Inc. (NYSE:PATH - Free Report) by 131.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,884 shares of the company's stock after buying an additional 133,616 shares during the quarter. Sei Investments Co.'s holdings in UiPath were worth $2,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC acquired a new stake in shares of UiPath in the 3rd quarter valued at approximately $19,071,000. Geode Capital Management LLC boosted its position in shares of UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock worth $93,619,000 after purchasing an additional 493,502 shares in the last quarter. Washington Harbour Partners LP bought a new position in shares of UiPath during the third quarter worth $5,684,000. Raymond James Financial Inc. acquired a new stake in UiPath during the 4th quarter worth $5,506,000. Finally, Ieq Capital LLC grew its position in shares of UiPath by 29.7% in the 4th quarter. Ieq Capital LLC now owns 1,885,904 shares of the company's stock valued at $23,970,000 after purchasing an additional 431,451 shares during the period. Institutional investors own 62.50% of the company's stock.

Insider Activity

In other news, CAO Hitesh Ramani sold 12,500 shares of UiPath 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 completion of the transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 22.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of research reports. Morgan Stanley cut their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Bank of America reaffirmed 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. Mizuho lowered their target price on UiPath from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company cut their price target on UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their price objective on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Two investment 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 MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $13.62.

UiPath Price Performance

NYSE PATH traded up $0.09 on Tuesday, hitting $9.88. 19,693,748 shares of the stock were exchanged, compared to its average volume of 10,103,104. The business's fifty day moving average is $12.30 and its 200 day moving average is $12.92. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $21.90. The company has a market capitalization of $5.45 billion, a PE ratio of -61.72 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.