Algert Global LLC Acquires 130,165 Shares of UiPath Inc. (NYSE:PATH)

Algert Global LLC grew its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 59.0% during the 4th quarter, according to the company in its most recent disclosure 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 approximately 0.06% of UiPath worth $4,460,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted 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 purchasing an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. boosted its position in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares during the period. EverSource Wealth Advisors LLC boosted its stake in UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC raised its position 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 period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of UiPath in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on PATH shares. Wells Fargo & Company dropped their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Evercore ISI dropped their price objective on UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a report on Thursday, March 13th. UBS Group lowered their target price on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Barclays dropped their target price on UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.72.

UiPath Stock Up 0.5 %

UiPath stock traded up $0.06 during midday trading on Friday, hitting $12.50. 5,493,312 shares of the stock were exchanged, compared to its average volume of 10,806,159. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $20.95. The business's 50-day moving average price is $11.08 and its 200-day moving average price is $12.70. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of -78.13 and a beta of 1.01.

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the sale, the chief financial officer now directly owns 987,322 shares of the company's stock, valued at $11,857,737.22. The trade was a 9.10 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

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.