UiPath Inc. (NYSE:PATH) Position Raised by Senvest Management LLC

Senvest Management LLC boosted its position in UiPath Inc. (NYSE:PATH - Free Report) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,074,783 shares of the company's stock after acquiring an additional 3,180,300 shares during the quarter. UiPath accounts for 5.5% of Senvest Management LLC's holdings, making the stock its 3rd largest holding. Senvest Management LLC owned 2.56% of UiPath worth $178,890,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of UiPath during the fourth quarter valued at about $71,191,000. Trexquant Investment LP purchased a new stake in UiPath in the 4th quarter valued at about $15,611,000. Federated Hermes Inc. increased its position in shares of UiPath by 371.6% during the 4th quarter. Federated Hermes Inc. now owns 987,384 shares of the company's stock valued at $12,550,000 after purchasing an additional 778,032 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of UiPath by 42.1% during the 4th quarter. Neuberger Berman Group LLC now owns 2,526,348 shares of the company's stock valued at $32,113,000 after acquiring an additional 748,940 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of UiPath by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company's stock valued at $593,101,000 after buying an additional 576,458 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.37% of the company's stock.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of recent research reports. Barclays dropped their price objective on UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. BMO Capital Markets decreased their target price on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Morgan Stanley decreased their target price 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. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $10.00 price target (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, UiPath currently has a consensus rating of "Hold" and a consensus price target of $12.72.

UiPath Stock Up 0.6 %

NYSE:PATH traded up $0.06 during mid-day trading on Friday, reaching $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 stock has a fifty day moving average of $11.72 and a 200-day moving average of $12.80. The firm has a market capitalization of $5.76 billion, a PE 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.

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.