UiPath Inc. (NYSE:PATH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 15.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 359,240 shares of the company's stock after selling 64,496 shares during the period. New York State Common Retirement Fund owned 0.07% of UiPath worth $4,566,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its position in UiPath by 554.8% during the third 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 period. Senvest Management LLC increased its position 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 buying an additional 1,559,500 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in UiPath during the third quarter worth approximately $19,071,000. Geode Capital Management LLC increased its position in UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock worth $93,619,000 after buying an additional 493,502 shares during the period. Finally, Washington Harbour Partners LP acquired a new position in UiPath during the third quarter worth approximately $5,684,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction 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 completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BMO Capital Markets lifted their price target on UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. Morgan Stanley lifted their target price on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Wednesday, January 15th. Finally, UBS Group initiated coverage on UiPath in a research note on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, UiPath currently has a consensus rating of "Hold" and an average target price of $17.44.

UiPath Stock Performance

PATH stock traded down $0.51 during midday trading on Monday, hitting $11.80. 6,191,131 shares of the stock were exchanged, compared to its average volume of 8,448,976. The stock's 50-day moving average price is $13.63 and its 200-day moving average price is $13.20. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of -73.73 and a beta of 0.98. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $25.47.

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.