Ensign Peak Advisors Inc Sells 25,085 Shares of UiPath Inc. (NYSE:PATH)

Ensign Peak Advisors Inc reduced its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,593 shares of the company's stock after selling 25,085 shares during the period. Ensign Peak Advisors Inc's holdings in UiPath were worth $2,028,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PATH. Smartleaf Asset Management LLC raised its position in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after acquiring an additional 1,152 shares during the period. First Horizon Advisors Inc. raised its position in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares during the period. EverSource Wealth Advisors LLC raised its position in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after acquiring an additional 1,742 shares during the period. V Square Quantitative Management LLC raised its position in UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after acquiring an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in UiPath in the fourth quarter worth about $50,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $13.00 target price on shares of UiPath in a research note on Wednesday, March 26th. 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. Scotiabank reduced their target price on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.72.

UiPath Stock Down 1.2%

NYSE:PATH traded down $0.16 during mid-day trading on Friday, hitting $12.92. 8,859,002 shares of the stock traded hands, compared to its average volume of 10,829,605. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $20.51. The company has a market cap of $7.12 billion, a PE ratio of -80.72 and a beta of 1.01. The business's 50-day moving average price is $11.19 and its 200 day moving average price is $12.71.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the sale, the chief financial officer now directly owns 987,322 shares in the company, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

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.