Ameriprise Financial Inc. Buys 64,141 Shares of UiPath Inc. (NYSE:PATH)

Ameriprise Financial Inc. increased its position in UiPath Inc. (NYSE:PATH - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 471,346 shares of the company's stock after buying an additional 64,141 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of UiPath worth $5,990,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank reduced their price objective 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. Mizuho decreased their price objective on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Royal Bank of Canada reissued a "sector perform" rating and set a $13.00 target price on shares of UiPath in a research note on Wednesday, March 26th. UBS Group decreased their target price on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, March 13th. Finally, Evercore ISI lowered their target price on UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a research note on Thursday, March 13th. Two 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. Based on data from MarketBeat, UiPath currently has a consensus rating of "Hold" and an average target price of $12.72.

Insider Activity

In other news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction 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 sale, the chief financial officer now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at $3,208,739.29. This represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.19% of the stock is currently owned by company insiders.

UiPath Trading Up 2.3%

PATH traded up $0.29 on Tuesday, hitting $12.66. 9,168,748 shares of the stock traded hands, compared to its average volume of 10,921,711. The business has a fifty day moving average price of $11.38 and a two-hundred day moving average price of $12.70. The firm has a market capitalization of $6.98 billion, a PE ratio of -79.13 and a beta of 1.01. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $19.09.

UiPath 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.