Wells Fargo & Company MN grew its position in UiPath Inc. (NYSE:PATH - Free Report) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,166 shares of the company's stock after buying an additional 201,645 shares during the quarter. Wells Fargo & Company MN owned 0.10% of UiPath worth $6,929,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of PATH. Smartleaf Asset Management LLC grew its position in UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of UiPath by 47.8% in the fourth 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 in the last quarter. EverSource Wealth Advisors LLC increased its stake in UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after buying an additional 1,742 shares during the period. V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after buying an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in UiPath in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 62.50% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. UBS Group reduced their price objective on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Barclays lowered their price objective on UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $13.00 target price on shares of UiPath in a report on Wednesday, March 26th. Finally, Scotiabank lowered their price target on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.72.
Read Our Latest Analysis on UiPath
UiPath Price Performance
Shares of NYSE:PATH opened at $10.44 on Friday. The stock has a market cap of $5.76 billion, a P/E ratio of -65.25 and a beta of 1.04. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $20.95. The firm has a fifty day moving average price of $11.65 and a 200 day moving average price of $12.79.
Insider Buying and Selling
In related news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 22.37% of the company's stock.
UiPath Profile
(
Free Report)
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.
Featured Stories
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