Washington Capital Management Inc. purchased a new position in UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,000 shares of the company's stock, valued at approximately $432,000.
Several other institutional investors have also modified their holdings of PATH. Senvest Management LLC boosted its stake in UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock worth $139,449,000 after purchasing an additional 1,559,500 shares during the period. Geode Capital Management LLC increased its position in shares of UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock valued at $93,619,000 after acquiring an additional 493,502 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company's stock worth $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company's stock valued at $36,997,000 after acquiring an additional 291,171 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in UiPath by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company's stock valued at $35,296,000 after purchasing an additional 754,519 shares during the last quarter. Institutional investors own 62.50% of the company's stock.
Insider Buying and Selling at UiPath
In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction 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 approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the business's 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 transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.
UiPath Price Performance
PATH traded up $0.29 during trading on Thursday, hitting $14.69. 6,633,772 shares of the stock traded hands, compared to its average volume of 8,935,527. The firm has a 50-day moving average of $13.73 and a 200 day moving average of $12.86. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The firm has a market capitalization of $8.07 billion, a P/E ratio of -91.91 and a beta of 0.96.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on PATH shares. Barclays reduced their target price on UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a report on Friday, January 10th. UBS Group started coverage on UiPath in a research report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price for the company. BMO Capital Markets raised their price objective on UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Morgan Stanley upped their target price on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.44.
View Our Latest Stock Report on UiPath
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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