Trexquant Investment LP Takes Position in UiPath Inc. (NYSE:PATH)

Trexquant Investment LP acquired a new position in UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,228,274 shares of the company's stock, valued at approximately $15,611,000. Trexquant Investment LP owned about 0.22% of UiPath as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of UiPath in the fourth quarter worth $71,191,000. Jacobs Levy Equity Management Inc. raised its position 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 buying an additional 3,411,562 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in UiPath in the 3rd quarter worth about $19,071,000. Vanguard Group Inc. lifted its stake 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 during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of UiPath by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock valued at $93,619,000 after acquiring an additional 493,502 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction that occurred 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 sale, the chief financial officer now owns 856,538 shares of the company's stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The shares were 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 of the company's stock, valued at approximately $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. Insiders own 22.37% of the company's stock.

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Wall Street Analysts Forecast Growth

PATH has been the topic of a number of research analyst reports. Evercore ISI lowered their price objective on shares of UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley lowered their price target on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company dropped their price objective on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. lifted their target price on UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, Scotiabank dropped their price target on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company 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 given a buy rating to the company's stock. According to data from MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus target price of $13.62.

UiPath Trading Down 5.1 %

Shares of NYSE:PATH traded down $0.56 during trading on Thursday, reaching $10.27. The company's stock had a trading volume of 16,086,821 shares, compared to its average volume of 9,901,850. The stock has a market capitalization of $5.66 billion, a PE ratio of -64.16 and a beta of 1.00. The firm's 50 day simple moving average is $12.66 and its two-hundred day simple moving average is $12.98. UiPath Inc. has a 12 month low of $9.50 and a 12 month high of $22.11.

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.