Swiss National Bank Sells 35,700 Shares of UiPath Inc. (NYSE:PATH)

Swiss National Bank decreased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 827,500 shares of the company's stock after selling 35,700 shares during the period. Swiss National Bank owned 0.15% of UiPath worth $10,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Senvest Management LLC increased its position in shares of UiPath by 16.7% during the third 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 during the period. Geode Capital Management LLC increased its holdings in UiPath by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock worth $93,619,000 after acquiring an additional 493,502 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in UiPath by 554.8% in the 3rd 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. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 291,171 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of UiPath by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company's stock valued at $30,984,000 after purchasing an additional 66,100 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

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Insider Activity

In related news, 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 transaction of $616,784.62. Following the completion of the transaction, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company'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 value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on PATH. Bank of America reissued an "underperform" rating and set a $10.00 price objective (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Evercore ISI dropped their price target on UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. upped their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their target price on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, Needham & Company LLC reissued a "hold" rating on shares of UiPath 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 stock. According to MarketBeat.com, UiPath presently has a consensus rating of "Hold" and an average target price of $13.62.

UiPath Stock Down 0.1 %

UiPath stock traded down $0.02 during trading hours on Friday, hitting $10.81. The stock had a trading volume of 11,477,287 shares, compared to its average volume of 9,564,935. The stock's 50-day moving average price is $13.10 and its 200-day moving average price is $13.08. UiPath Inc. has a 12-month low of $9.50 and a 12-month high of $23.64. The stock has a market capitalization of $5.94 billion, a P/E ratio of -67.53 and a beta of 1.00.

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.