Captrust Financial Advisors Has $853,000 Stock Holdings in UiPath Inc. (NYSE:PATH)

Captrust Financial Advisors increased its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 85.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,119 shares of the company's stock after acquiring an additional 30,894 shares during the quarter. Captrust Financial Advisors' holdings in UiPath were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of UiPath by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company's stock valued at $593,101,000 after buying an additional 576,458 shares in the last quarter. Senvest Management LLC raised its holdings in shares of UiPath by 29.2% in the fourth 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 last quarter. AQR Capital Management LLC lifted its position in UiPath by 45.3% during the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after buying an additional 2,072,089 shares in the last quarter. Norges Bank acquired a new position in UiPath during the 4th quarter worth about $71,191,000. Finally, Dimensional Fund Advisors LP increased its position in UiPath by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,527,209 shares of the company's stock valued at $44,832,000 after acquiring an additional 143,904 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

UiPath Price Performance

Shares of PATH traded down $0.15 during mid-day trading on Tuesday, hitting $12.44. 9,875,317 shares of the company's stock were exchanged, compared to its average volume of 10,806,789. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $20.51. The company has a market cap of $6.86 billion, a PE ratio of -77.75 and a beta of 1.01. The company has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $12.72.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their target price on shares of UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley decreased their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. BMO Capital Markets dropped their target price on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research report on Friday, March 14th. Mizuho reduced 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. Finally, Wells Fargo & Company decreased 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, UiPath presently has a consensus rating of "Hold" and an average target price of $12.72.

Insider Activity at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction on 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 owns 314,891 shares in the company, valued at $3,208,739.29. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 98,795 shares of UiPath stock in a transaction dated Thursday, May 1st. The shares were 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 trade represents a 9.10% decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

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.