Caption Management LLC Purchases Shares of 30,000 UiPath Inc. (NYSE:PATH)

Caption Management LLC purchased a new position in UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $381,000.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in UiPath in the 4th quarter worth about $71,191,000. 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 purchasing an additional 3,180,300 shares in the last quarter. AQR Capital Management LLC raised its stake in UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock valued at $84,209,000 after purchasing an additional 2,072,089 shares during the last quarter. Marshall Wace LLP lifted its holdings in UiPath by 111.8% in the 4th quarter. Marshall Wace LLP now owns 2,456,102 shares of the company's stock valued at $31,217,000 after purchasing an additional 1,296,382 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in UiPath during the 4th quarter worth $15,611,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PATH. Barclays decreased 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 note on Thursday, March 13th. Canaccord Genuity Group lowered their target price on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Morgan Stanley lowered their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lowered 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. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.72.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction on 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 $11,857,737.22. The trade was a 9.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

UiPath Stock Up 0.5 %

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

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.