Versor Investments LP Buys 48,251 Shares of UiPath Inc. (NYSE:PATH)

Versor Investments LP increased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 232.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 69,051 shares of the company's stock after buying an additional 48,251 shares during the quarter. Versor Investments LP's holdings in UiPath were worth $878,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in shares of UiPath by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock worth $187,000 after acquiring an additional 736 shares during the period. V Square Quantitative Management LLC grew its stake in shares of UiPath by 33.4% during the 4th 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. First Horizon Advisors Inc. increased its position in shares of UiPath by 47.8% during 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. Amalgamated Bank lifted its stake in shares of UiPath by 3.1% in the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after purchasing an additional 836 shares during the period. Finally, Cowa LLC boosted its holdings in shares of UiPath by 4.4% in the third quarter. Cowa LLC now owns 26,681 shares of the company's stock worth $342,000 after buying an additional 1,118 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on PATH shares. UBS Group initiated coverage on UiPath in a report on Thursday, December 12th. They set a "sell" rating and a $14.00 price target for the company. Morgan Stanley increased their price target on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. BMO Capital Markets boosted their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 price target on shares of UiPath in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.44.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company's stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction 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. Company insiders own 22.37% of the company's stock.

UiPath Stock Down 4.1 %

PATH traded down $0.51 on Monday, hitting $11.79. The company had a trading volume of 8,487,262 shares, compared to its average volume of 8,526,940. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $25.47. The business's fifty day simple moving average is $13.63 and its 200 day simple moving average is $13.20. The company has a market cap of $6.48 billion, a PE ratio of -73.69 and a beta of 0.98.

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.