Vestmark Advisory Solutions Inc. Has $4.50 Million Stake in UiPath Inc. (NYSE:PATH)

Vestmark Advisory Solutions Inc. lifted its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 353,993 shares of the company's stock after acquiring an additional 76,647 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.06% of UiPath worth $4,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PATH. Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 1,152 shares during the period. First Horizon Advisors Inc. lifted its stake in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after buying an additional 804 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of UiPath by 33.4% in the fourth 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 during the period. Quarry LP increased its position in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after acquiring an additional 2,729 shares in the last quarter. Finally, True Wealth Design LLC increased its position in shares of UiPath by 21,710.0% in the third quarter. True Wealth Design LLC now owns 4,362 shares of the company's stock worth $56,000 after acquiring an additional 4,342 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 269,421 shares in the company, 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 owned by corporate insiders.

UiPath Price Performance

PATH traded down $0.16 on Monday, hitting $12.16. The company had a trading volume of 17,333,223 shares, compared to its average volume of 9,375,834. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of -75.97 and a beta of 1.00. The company's fifty day moving average price is $13.51 and its 200 day moving average price is $13.20. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $25.47.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PATH. BMO Capital Markets raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised 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. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Wednesday, January 15th. Barclays reduced their price objective on UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.44.

About UiPath

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.