Smith Group Asset Management LLC bought a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 67,460 shares of the company's stock, valued at approximately $857,000.
A number of other institutional investors have also recently modified their holdings of PATH. Jacobs Levy Equity Management Inc. boosted its position in UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company's stock worth $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Senvest Management LLC lifted its position in shares of UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after buying an additional 1,559,500 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in UiPath in the 3rd quarter valued at $19,071,000. AQR Capital Management LLC increased its holdings in UiPath by 120.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,633,393 shares of the company's stock worth $20,385,000 after acquiring an additional 892,845 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in UiPath by 37.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company's stock worth $35,296,000 after acquiring an additional 754,519 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares of the company's stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company's stock.
UiPath Price Performance
Shares of PATH stock traded down $0.37 during trading on Friday, hitting $14.22. 9,168,949 shares of the stock traded hands, compared to its average volume of 8,171,252. The firm has a market capitalization of $7.81 billion, a P/E ratio of -88.84 and a beta of 0.96. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87. The firm's fifty day moving average price is $13.74 and its 200-day moving average price is $12.88.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated a "sector perform" rating and set a $16.00 price objective on shares of UiPath in a research note on Friday, December 6th. Morgan Stanley raised their target price on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Barclays dropped their price target on UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets raised their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, UiPath has an average rating of "Hold" and a consensus target price of $17.44.
Read Our Latest Stock Report on PATH
About UiPath
(
Free Report)
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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