Algert Global LLC lifted its position in UiPath Inc. (NYSE:PATH - Free Report) by 59.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 350,875 shares of the company's stock after purchasing an additional 130,165 shares during the quarter. Algert Global LLC owned 0.06% of UiPath worth $4,460,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of UiPath during the fourth quarter worth $50,000. Institutional investors and hedge funds own 62.50% of the company's stock.
UiPath Price Performance
Shares of NYSE PATH traded up $0.06 during midday trading on Friday, reaching $12.50. 5,493,312 shares of the stock were exchanged, compared to its average volume of 10,783,553. UiPath Inc. has a 12 month low of $9.38 and a 12 month high of $20.95. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of -78.13 and a beta of 1.01. The business has a 50-day simple moving average of $11.07 and a two-hundred day simple moving average of $12.69.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Wednesday, March 26th. Barclays dropped their price objective on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. UBS Group decreased their price objective on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley dropped their target price on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, UiPath presently has an average rating of "Hold" and a consensus price target of $12.72.
Check Out Our Latest Research Report on PATH
Insiders Place Their Bets
In other news, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the completion of the sale, the chief financial officer now owns 987,322 shares of the company's stock, valued at $11,857,737.22. This represents a 9.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the sale, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. The trade was a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company's stock.
UiPath 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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