Bokf Na Trims Stake in UiPath Inc. (NYSE:PATH)

BOKF NA decreased its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 157,538 shares of the company's stock after selling 38,052 shares during the quarter. BOKF NA's holdings in UiPath were worth $2,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC acquired a new stake in UiPath during the fourth quarter worth $298,000. ING Groep NV acquired a new stake in UiPath during the fourth quarter worth $3,120,000. Pacer Advisors Inc. increased its stake in UiPath by 698.1% during the fourth quarter. Pacer Advisors Inc. now owns 289,471 shares of the company's stock worth $3,679,000 after acquiring an additional 253,203 shares during the last quarter. Savant Capital LLC increased its stake in UiPath by 483.1% during the fourth quarter. Savant Capital LLC now owns 225,906 shares of the company's stock worth $2,871,000 after acquiring an additional 187,161 shares during the last quarter. Finally, Washington Capital Management Inc. acquired a new stake in UiPath during the fourth quarter worth $432,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the completion of the transaction, the chief financial officer now directly owns 987,322 shares of the company's stock, valued at approximately $11,857,737.22. This represents a 9.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 12,500 shares of the company's stock in a transaction dated 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 approximately $3,208,739.29. This represents a 3.82% 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 Trading Up 0.5%

PATH traded up $0.06 on Friday, hitting $12.50. 5,493,312 shares of the company were exchanged, compared to its average volume of 10,806,159. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $20.95. The company has a market cap of $6.89 billion, a price-to-earnings ratio of -78.13 and a beta of 1.01. The firm has a 50-day moving average price of $11.08 and a two-hundred day moving average price of $12.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PATH shares. BMO Capital Markets cut their target price on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company dropped their price objective on UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Scotiabank dropped their price objective on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Bank of America reaffirmed an "underperform" rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Finally, UBS Group dropped their price objective on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.72.

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.