Cerity Partners LLC Raises Position in UiPath Inc. (NYSE:PATH)

Cerity Partners LLC boosted its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 82.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 267,705 shares of the company's stock after purchasing an additional 120,805 shares during the period. Cerity Partners LLC's holdings in UiPath were worth $3,404,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after purchasing an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after purchasing an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of UiPath during the fourth quarter worth approximately $50,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Trading Up 0.6 %

Shares of PATH stock traded up $0.06 during trading hours on Friday, hitting $10.44. The company's stock had a trading volume of 11,973,213 shares, compared to its average volume of 10,464,139. The business has a fifty day moving average of $11.72 and a 200-day moving average of $12.80. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $20.95. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of -65.25 and a beta of 1.04.

Analysts Set New Price Targets

Several brokerages have issued reports on PATH. BMO Capital Markets dropped their price objective on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Morgan Stanley dropped their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Mizuho reduced their price objective on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday. Canaccord Genuity Group dropped their target price on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Finally, Scotiabank reduced their price target on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Thursday, March 13th. Two 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. Based on data from MarketBeat.com, UiPath presently has a consensus rating of "Hold" and an average target price of $12.72.

Insider Activity at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the transaction, the chief accounting officer now owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.37% of the stock is owned by corporate insiders.

UiPath Company 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.