Aquatic Capital Management LLC Sells 208,486 Shares of UiPath Inc. (NYSE:PATH)

Aquatic Capital Management LLC reduced its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 68.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,314 shares of the company's stock after selling 208,486 shares during the quarter. Aquatic Capital Management LLC's holdings in UiPath were worth $1,199,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of UiPath during the fourth quarter valued at about $71,191,000. Senvest Management LLC increased its stake in UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after buying an additional 3,180,300 shares during the period. Marshall Wace LLP raised its position in shares of UiPath by 111.8% during the 4th quarter. Marshall Wace LLP now owns 2,456,102 shares of the company's stock worth $31,217,000 after buying an additional 1,296,382 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of UiPath in the 4th quarter worth approximately $15,611,000. Finally, Federated Hermes Inc. boosted its holdings in shares of UiPath by 371.6% in the fourth quarter. Federated Hermes Inc. now owns 987,384 shares of the company's stock valued at $12,550,000 after acquiring an additional 778,032 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

PATH has been the topic of several recent analyst reports. Evercore ISI dropped their target price on UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a report on Thursday, March 13th. Scotiabank dropped their price objective on UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley decreased their target price on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Barclays dropped their price target on shares of 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, Royal Bank of Canada restated a "sector perform" rating and set a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.72.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashim Gupta sold 98,795 shares of the 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 sale, the chief financial officer now owns 987,322 shares of the company's stock, valued at approximately $11,857,737.22. This represents a 9.10 % 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 Stock Down 0.9 %

Shares of UiPath stock traded down $0.11 during midday trading on Monday, hitting $11.87. The company's stock had a trading volume of 2,442,105 shares, compared to its average volume of 11,807,727. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $20.95. The firm has a market capitalization of $6.54 billion, a P/E ratio of -74.16 and a beta of 1.04. The stock has a 50-day simple moving average of $11.09 and a 200-day simple moving average of $12.72.

UiPath 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.