Summit Trail Advisors LLC reduced its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 50.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,311 shares of the company's stock after selling 194,549 shares during the quarter. Summit Trail Advisors LLC's holdings in UiPath were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ontario Teachers Pension Plan Board grew its holdings in shares of UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock worth $1,392,000 after buying an additional 62,650 shares in the last quarter. D.A. Davidson & CO. grew its holdings in UiPath by 60.1% in the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company's stock valued at $7,138,000 after purchasing an additional 209,300 shares during the period. Stifel Financial Corp grew its holdings in UiPath by 30.1% in the third quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock valued at $4,145,000 after purchasing an additional 74,959 shares during the period. Senvest Management LLC grew its holdings in UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after purchasing an additional 1,559,500 shares during the period. Finally, Quantbot Technologies LP grew its holdings in UiPath by 667.7% in the third quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock valued at $1,302,000 after purchasing an additional 88,468 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction on Friday, January 3rd. The shares were 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 in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.
UiPath Stock Performance
Shares of PATH stock traded down $0.20 on Friday, hitting $14.94. The stock had a trading volume of 7,489,117 shares, compared to its average volume of 8,677,179. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of -93.36 and a beta of 0.98. The stock's 50 day moving average is $13.73 and its 200-day moving average is $13.03. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $26.56.
Analyst Upgrades and Downgrades
PATH has been the subject of a number of recent analyst reports. UBS Group initiated coverage on shares of UiPath in a report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price for the company. Morgan Stanley boosted their target price on shares of UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays reduced their price target on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $17.44.
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About UiPath
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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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