Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in UiPath Inc. (NYSE:PATH)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UiPath Inc. (NYSE:PATH - Free Report) by 57.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,834 shares of the company's stock after purchasing an additional 46,652 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in UiPath were worth $1,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in UiPath by 88.5% in the fourth 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 last quarter. First Horizon Advisors Inc. grew its stake in UiPath by 47.8% in the fourth 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. V Square Quantitative Management LLC boosted its holdings in 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 acquiring an additional 759 shares in the last quarter. Quarry LP boosted its holdings in 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 boosted its holdings in 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. Hedge funds and other institutional investors own 62.50% of the company's stock.

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UiPath Stock Down 0.1 %

Shares of UiPath stock traded down $0.02 on Friday, reaching $10.81. The company's stock had a trading volume of 11,463,576 shares, compared to its average volume of 9,554,078. The company has a market capitalization of $5.94 billion, a P/E ratio of -67.53 and a beta of 1.00. UiPath Inc. has a 52-week low of $9.50 and a 52-week high of $23.97. The stock has a 50-day moving average price of $13.15 and a 200-day moving average price of $13.09.

Insider Activity

In related news, CAO Hitesh Ramani sold 25,000 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, 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. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company's stock, valued at $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. Company insiders own 22.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PATH. Morgan Stanley lowered their price target on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. UBS Group decreased their target price on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a report on Thursday, March 13th. BMO Capital Markets decreased their target price on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a report on Friday, March 14th. Finally, Wells Fargo & Company decreased their target price on UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Two investment 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's stock. Based on data from MarketBeat.com, UiPath has an average rating of "Hold" and an average price target of $13.62.

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.