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

Two Sigma Investments LP boosted its stake in UiPath Inc. (NYSE:PATH - Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,276,248 shares of the company's stock after buying an additional 400,726 shares during the period. Two Sigma Investments LP owned 0.96% of UiPath worth $67,061,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 last quarter. V Square Quantitative Management LLC increased its holdings 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 valued at $39,000 after acquiring an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of UiPath during the fourth quarter valued at $50,000. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America reiterated an "underperform" rating and issued a $10.00 price target (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. UBS Group cut their price target on shares of UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a report on Thursday, March 13th. 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 report on Friday, March 14th. Finally, Mizuho lowered their price objective on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, UiPath currently has an average rating of "Hold" and a consensus target price of $12.72.

UiPath Trading Down 2.6%

Shares of PATH stock opened at $12.59 on Tuesday. UiPath Inc. has a 12 month low of $9.38 and a 12 month high of $20.51. The stock has a market cap of $6.94 billion, a P/E ratio of -78.69 and a beta of 1.01. The company has a 50 day simple moving average of $11.21 and a two-hundred day simple moving average of $12.72.

Insider Activity

In related news, 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 transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. The trade was a 3.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction that occurred on 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 directly owns 987,322 shares of the company's stock, valued at $11,857,737.22. This represents a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.

About UiPath

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.

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