UiPath Inc. (NYSE:PATH) Stock Position Increased by Bridgewater Associates LP

Bridgewater Associates LP raised its position in UiPath Inc. (NYSE:PATH - Free Report) by 136.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,147,054 shares of the company's stock after acquiring an additional 662,788 shares during the quarter. Bridgewater Associates LP owned 0.21% of UiPath worth $14,579,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PATH. Ontario Teachers Pension Plan Board grew its holdings in UiPath by 43.3% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 155,756 shares of the company's stock valued at $1,980,000 after purchasing an additional 47,031 shares in the last quarter. Guggenheim Capital LLC purchased a new position in UiPath in the 4th quarter valued at about $269,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of UiPath during the fourth quarter valued at about $2,197,000. Senvest Management LLC increased its position in shares of UiPath by 29.2% during the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after acquiring an additional 3,180,300 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its stake in shares of UiPath by 211.8% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 14,484 shares of the company's stock worth $184,000 after acquiring an additional 9,838 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Insider Transactions at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This represents a 3.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 22.37% of the company's stock.

UiPath Trading Down 2.8 %

UiPath stock traded down $0.29 during midday trading on Monday, reaching $10.16. 1,560,234 shares of the stock traded hands, compared to its average volume of 10,471,691. The firm has a fifty day moving average price of $11.65 and a two-hundred day moving average price of $12.80. UiPath Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $20.95. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of -63.50 and a beta of 1.04.

Wall Street Analyst Weigh In

Several research firms have issued reports on PATH. BMO Capital Markets dropped their price objective on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a report on Friday, March 14th. UBS Group dropped their price target 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. Scotiabank reduced their price objective on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Finally, Morgan Stanley reduced their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.72.

About UiPath

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.