Susquehanna Fundamental Investments LLC Invests $7.22 Million in UiPath Inc. (NYSE:PATH)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 568,082 shares of the company's stock, valued at approximately $7,220,000. Susquehanna Fundamental Investments LLC owned 0.10% of UiPath at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in UiPath by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company's stock valued at $593,101,000 after acquiring an additional 576,458 shares in the last quarter. Senvest Management LLC grew its stake in UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after purchasing an additional 3,180,300 shares during the period. Norges Bank purchased a new stake in UiPath in the fourth quarter worth $71,191,000. Dimensional Fund Advisors LP raised its holdings in UiPath by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,527,209 shares of the company's stock worth $44,832,000 after purchasing an additional 143,904 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in UiPath by 42.1% in the fourth quarter. Neuberger Berman Group LLC now owns 2,526,348 shares of the company's stock worth $32,113,000 after purchasing an additional 748,940 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Hitesh Ramani sold 12,500 shares of the company's stock in a transaction 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 sale, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.37% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PATH. Bank of America reaffirmed an "underperform" rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Royal Bank of Canada restated a "sector perform" rating and issued a $13.00 price objective on shares of UiPath in a report on Wednesday, March 26th. Mizuho lowered their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. UBS Group cut their price target on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, March 13th. Finally, Evercore ISI dropped their target price on UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $12.72.

UiPath Stock Up 2.3 %

Shares of UiPath stock opened at $11.58 on Monday. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $20.95. The company has a market cap of $6.39 billion, a price-to-earnings ratio of -72.38 and a beta of 1.04. The company's 50 day moving average is $11.26 and its 200 day moving average is $12.75.

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.

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