Two Sigma Investments LP Acquires 400,726 Shares of UiPath Inc. (NYSE:PATH)

Two Sigma Investments LP boosted its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,276,248 shares of the company's stock after acquiring an additional 400,726 shares during the quarter. Two Sigma Investments LP owned 0.96% of UiPath worth $67,061,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its holdings in shares of UiPath by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock worth $187,000 after purchasing an additional 736 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after acquiring an additional 759 shares during the period. True Wealth Design LLC grew its position in UiPath by 18.4% during the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after acquiring an additional 801 shares during the last quarter. First Horizon Advisors Inc. grew its position in UiPath by 47.8% during the 4th 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 last quarter. Finally, Amalgamated Bank lifted its holdings in UiPath by 3.1% in the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after buying an additional 836 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of research analyst reports. Evercore ISI lowered their target price on UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company lowered their target price 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. Bank of America restated an "underperform" rating and issued a $10.00 target price (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Mizuho lowered their target price on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group lowered their target price on UiPath from $19.00 to $14.00 and set a "buy" 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 given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.72.

UiPath Price Performance

UiPath stock traded up $0.05 during mid-day trading on Friday, reaching $12.39. 9,253,854 shares of the stock traded hands, compared to its average volume of 10,928,750. The stock has a market capitalization of $6.83 billion, a PE ratio of -77.44 and a beta of 1.01. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $19.09. The business's 50-day moving average is $11.34 and its 200-day moving average is $12.71.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the completion of the sale, the chief financial officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, 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 position. The disclosure for this sale can be found here. 23.19% of the stock is currently owned by corporate 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.