Virtu Financial LLC increased its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 381.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 108,345 shares of the company's stock after purchasing an additional 85,851 shares during the period. Virtu Financial LLC's holdings in UiPath were worth $1,377,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in shares of UiPath in the fourth quarter worth $544,000. Harvest Fund Management Co. Ltd purchased a new position in UiPath during the fourth quarter worth about $50,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in UiPath in the 4th quarter worth about $189,000. Maryland State Retirement & Pension System raised its holdings in shares of UiPath by 10.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 24,572 shares of the company's stock valued at $312,000 after acquiring an additional 2,349 shares in the last quarter. Finally, Xponance Inc. boosted its position in shares of UiPath by 5.2% during the 4th quarter. Xponance Inc. now owns 53,192 shares of the company's stock valued at $676,000 after acquiring an additional 2,630 shares during the last quarter. Institutional investors own 62.50% of the company's stock.
UiPath Stock Performance
Shares of NYSE PATH traded down $0.35 during mid-day trading on Thursday, hitting $10.87. 7,997,755 shares of the stock traded hands, compared to its average volume of 9,582,949. The company has a market cap of $5.97 billion, a price-to-earnings ratio of -67.91 and a beta of 1.00. The stock has a fifty day moving average price of $12.99 and a 200-day moving average price of $13.06. UiPath Inc. has a 52 week low of $9.50 and a 52 week high of $23.04.
Analyst Ratings Changes
PATH has been the subject of a number of research reports. Canaccord Genuity Group cut their price target on shares of UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Morgan Stanley reduced their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Bank of America restated an "underperform" rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Scotiabank lowered their price target on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Finally, Mizuho decreased their price objective on UiPath from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.62.
View Our Latest Stock Analysis on PATH
Insider Transactions at UiPath
In other UiPath 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 owns 856,538 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the business's 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 completion of the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.
UiPath Company Profile
(
Free Report)
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.
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