Pacer Advisors Inc. Grows Holdings in UiPath Inc. (NYSE:PATH)

Pacer Advisors Inc. increased its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 698.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,471 shares of the company's stock after buying an additional 253,203 shares during the period. Pacer Advisors Inc. owned 0.05% of UiPath worth $3,679,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Archford Capital Strategies LLC raised its stake in UiPath by 112.0% during the fourth quarter. Archford Capital Strategies LLC now owns 58,624 shares of the company's stock worth $745,000 after buying an additional 30,973 shares during the last quarter. Juncture Wealth Strategies LLC bought a new stake in UiPath in the fourth quarter valued at $137,000. SG Americas Securities LLC increased its stake in UiPath by 76.0% in the fourth quarter. SG Americas Securities LLC now owns 236,887 shares of the company's stock valued at $3,011,000 after purchasing an additional 102,258 shares in the last quarter. Merit Financial Group LLC increased its stake in UiPath by 183.0% in the fourth quarter. Merit Financial Group LLC now owns 49,105 shares of the company's stock valued at $624,000 after purchasing an additional 31,755 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in UiPath in the fourth quarter valued at $816,000. Institutional investors own 62.50% of the company's stock.

UiPath Stock Performance

PATH traded down $0.00 during midday trading on Monday, reaching $14.22. The company had a trading volume of 6,307,416 shares, compared to its average volume of 9,058,262. The stock has a market cap of $7.81 billion, a PE ratio of -88.86 and a beta of 0.98. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The business has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $12.88.

Wall Street Analyst Weigh In

Several research firms have weighed in on PATH. BMO Capital Markets lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. Royal Bank of Canada reiterated a "sector perform" rating and set a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. Morgan Stanley lifted their price objective 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. Finally, Barclays reduced their price objective on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.44.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 25,000 shares of the business's stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company's stock.

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.