Stevens Capital Management LP Buys Shares of 22,657 UiPath Inc. (NYSE:PATH)

Stevens Capital Management LP acquired a new position in UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,657 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PATH. Principal Financial Group Inc. increased its holdings in UiPath by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 36,685 shares of the company's stock worth $470,000 after purchasing an additional 3,477 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of UiPath by 10.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company's stock valued at $267,000 after purchasing an additional 1,995 shares during the period. Quest Partners LLC grew its position in shares of UiPath by 181.4% during the third quarter. Quest Partners LLC now owns 27,756 shares of the company's stock worth $355,000 after acquiring an additional 17,893 shares during the last quarter. Pathstone Holdings LLC increased its stake in UiPath by 8.0% in the third quarter. Pathstone Holdings LLC now owns 153,617 shares of the company's stock valued at $1,966,000 after purchasing an additional 11,427 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company's stock valued at $36,997,000 after acquiring an additional 291,171 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

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UiPath Stock Down 1.3 %

Shares of UiPath stock traded down $0.15 on Friday, hitting $10.73. 792,771 shares of the company's stock traded hands, compared to its average volume of 9,568,110. The firm's 50-day moving average is $12.94 and its 200 day moving average is $13.04. The stock has a market cap of $5.89 billion, a P/E ratio of -67.01 and a beta of 1.00. UiPath Inc. has a 52-week low of $9.50 and a 52-week high of $23.04.

Analysts Set New Price Targets

A number of brokerages have commented on PATH. Mizuho cut their price objective on shares of UiPath from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Bank of America reissued an "underperform" rating and issued a $10.00 target price (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. JPMorgan Chase & Co. lifted their price objective on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Barclays lowered their price target on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their target price on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $13.62.

Insider Buying and Selling

In related news, CAO Hitesh Ramani sold 25,000 shares of the business's 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 sale, the chief accounting officer now owns 269,421 shares of the company's stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 856,538 shares of the company's stock, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

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.