Canada Pension Plan Investment Board Has $18.64 Million Stock Position in UiPath, Inc. $PATH

Key Points

• The Canada Pension Plan Investment Board increased its stake in UiPath by 12.7%, acquiring an additional 204,400 shares, bringing its total ownership to 1,809,200 shares valued at $18,635,000.
• Several institutional investors, including Federated Hermes and Vanguard Group, have significantly raised their stakes in UiPath, with 62.50% of shares owned by such entities.
• UiPath's stock has a 52-week trading range of $9.38 to $15.93, and analysts have set a consensus target price of $13.83, with multiple ratings indicating a "Hold" position on the stock.

Canada Pension Plan Investment Board boosted its position in UiPath, Inc. (NYSE:PATH - Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,809,200 shares of the company's stock after buying an additional 204,400 shares during the period. Canada Pension Plan Investment Board owned approximately 0.33% of UiPath worth $18,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PATH. Federated Hermes Inc. raised its holdings in UiPath by 479.3% during the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock worth $58,917,000 after purchasing an additional 4,732,712 shares in the last quarter. Candriam S.C.A. acquired a new stake in shares of UiPath in the 1st quarter valued at approximately $18,440,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of UiPath by 35.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,459,071 shares of the company's stock valued at $69,385,000 after buying an additional 1,432,569 shares in the last quarter. Vanguard Group Inc. grew its holdings in UiPath by 3.0% during the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company's stock worth $495,029,000 after acquiring an additional 1,396,972 shares during the period. Finally, Deutsche Bank AG grew its holdings in UiPath by 280.3% during the fourth quarter. Deutsche Bank AG now owns 1,505,585 shares of the company's stock worth $19,136,000 after acquiring an additional 1,109,669 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Price Performance

UiPath stock traded down $0.04 during mid-day trading on Thursday, hitting $10.84. The company's stock had a trading volume of 37,386,605 shares, compared to its average volume of 9,167,626. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93. The company has a market cap of $5.80 billion, a PE ratio of -90.30, a price-to-earnings-growth ratio of 14.25 and a beta of 1.02. The firm's 50 day moving average is $11.78 and its 200 day moving average is $11.86.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 56,322 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the transaction, the chief financial officer owned 859,991 shares of the company's stock, valued at approximately $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total transaction of $559,350.00. Following the completion of the sale, the chief executive officer directly owned 5,058,376 shares of the company's stock, valued at $62,875,613.68. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 831,310 shares of company stock worth $10,428,922. 23.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PATH shares. Royal Bank Of Canada lifted their price target on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Evercore ISI increased their target price on UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research note on Friday, May 30th. BMO Capital Markets raised their target price on shares of UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a report on Friday, May 30th. Truist Financial boosted their target price on shares of UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Barclays reaffirmed an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.83.

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.