River Global Investors LLP Trims Stock Holdings in UiPath Inc. (NYSE:PATH)

River Global Investors LLP reduced its position in UiPath Inc. (NYSE:PATH - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,035 shares of the company's stock after selling 51,547 shares during the quarter. River Global Investors LLP's holdings in UiPath were worth $1,448,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new position in UiPath during the fourth quarter worth $298,000. Ontario Teachers Pension Plan Board boosted its stake in UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock worth $1,392,000 after acquiring an additional 62,650 shares in the last quarter. D.A. Davidson & CO. boosted its stake in UiPath by 60.1% during the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company's stock worth $7,138,000 after acquiring an additional 209,300 shares in the last quarter. Stifel Financial Corp boosted its stake in UiPath by 30.1% during the third quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock worth $4,145,000 after acquiring an additional 74,959 shares in the last quarter. Finally, Senvest Management LLC boosted its stake in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock worth $139,449,000 after acquiring an additional 1,559,500 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. 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 report on Friday, December 6th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. UBS Group started coverage on shares of UiPath in a report on Thursday, December 12th. They set a "sell" rating and a $14.00 price objective on the stock. Finally, Barclays lowered their price objective on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.44.

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UiPath Stock Down 3.0 %

NYSE PATH traded down $0.37 during trading hours on Tuesday, reaching $11.75. 15,297,382 shares of the company were exchanged, compared to its average volume of 9,396,978. The stock has a market capitalization of $6.46 billion, a P/E ratio of -73.41 and a beta of 1.00. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $25.47. The business's 50 day simple moving average is $13.48 and its 200-day simple moving average is $13.19.

Insiders Place Their Bets

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated 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 approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was 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 directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 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.