CANADA LIFE ASSURANCE Co Has $21.66 Million Position in UiPath Inc. (NYSE:PATH)

CANADA LIFE ASSURANCE Co trimmed its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,706,843 shares of the company's stock after selling 155,297 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.31% of UiPath worth $21,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. CIBC Asset Management Inc raised its holdings in UiPath by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after buying an additional 736 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after acquiring an additional 759 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after acquiring an additional 804 shares in the last quarter. Amalgamated Bank lifted its holdings in UiPath by 3.1% in the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after purchasing an additional 836 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in UiPath by 8.6% during the fourth quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock worth $156,000 after purchasing an additional 971 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Price Performance

NYSE:PATH traded up $0.28 during trading hours on Friday, reaching $11.60. 4,428,305 shares of the company were exchanged, compared to its average volume of 10,582,974. The company has a market capitalization of $6.39 billion, a P/E ratio of -72.47 and a beta of 1.04. The business has a 50 day moving average of $11.33 and a 200 day moving average of $12.75. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $20.95.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Scotiabank decreased their target price 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. Canaccord Genuity Group reduced their target price on shares of UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. UBS Group lowered their price target on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company decreased 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 note on Thursday, March 13th. Finally, Mizuho lowered their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Two research 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. Based on data from MarketBeat.com, UiPath presently has a consensus rating of "Hold" and an average target price of $12.72.

Insider Activity

In other news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. This represents a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.37% of the company's stock.

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.