Raiffeisen Bank International AG Makes New $539,000 Investment in UiPath Inc. (NYSE:PATH)

Raiffeisen Bank International AG acquired a new stake in UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,300 shares of the company's stock, valued at approximately $539,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 during the period. Senvest Management LLC raised its holdings in 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 acquiring an additional 3,180,300 shares in the last quarter. AQR Capital Management LLC lifted its stake in UiPath by 45.3% in the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after acquiring an additional 2,072,089 shares during the last quarter. Norges Bank acquired a new position in UiPath during the 4th quarter worth approximately $71,191,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in UiPath by 35.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 5,459,071 shares of the company's stock worth $69,385,000 after acquiring an additional 1,432,569 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UiPath 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 transaction, the chief financial officer now directly owns 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the company's stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. 23.19% of the stock is currently owned by insiders.

UiPath Price Performance

Shares of PATH stock traded down $0.08 during trading hours on Friday, hitting $12.27. The stock had a trading volume of 1,836,508 shares, compared to its average volume of 10,859,368. The firm has a market capitalization of $6.76 billion, a PE ratio of -76.72 and a beta of 1.01. The stock's 50 day moving average is $11.31 and its 200 day moving average is $12.71. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $19.83.

Analyst Ratings Changes

PATH has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group cut their price target on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Scotiabank dropped their price objective on UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. Finally, Barclays decreased their target price on UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Two equities research 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.72.

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.