Voloridge Investment Management LLC Has $41.69 Million Stock Holdings in UiPath Inc. (NYSE:PATH)

Voloridge Investment Management LLC lessened its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 27.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,279,934 shares of the company's stock after selling 1,233,062 shares during the period. Voloridge Investment Management LLC owned 0.60% of UiPath worth $41,688,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of UiPath during the fourth quarter worth $71,191,000. Senvest Management LLC boosted its holdings in UiPath by 29.2% during the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after buying an additional 3,180,300 shares during the last quarter. AQR Capital Management LLC boosted its holdings in UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after buying an additional 2,072,089 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of 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 buying an additional 1,432,569 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of UiPath by 111.8% in the 4th quarter. Marshall Wace LLP now owns 2,456,102 shares of the company's stock valued at $31,217,000 after acquiring an additional 1,296,382 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction dated 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 directly owns 314,891 shares in the company, valued at approximately $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. Insiders own 23.19% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PATH shares. UBS Group decreased their price objective on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, March 13th. Evercore ISI reduced their price target on shares of UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a research report on Thursday, March 13th. Scotiabank decreased their price target on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a report 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 note on Wednesday, March 26th. Finally, Bank of America reiterated an "underperform" rating and set a $10.00 target price (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.72.

UiPath Trading Up 0.4%

Shares of NYSE PATH traded up $0.05 during mid-day trading on Friday, hitting $12.39. The company had a trading volume of 9,253,854 shares, compared to its average volume of 10,905,860. The firm has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $12.71. The company has a market capitalization of $6.83 billion, a PE ratio of -77.44 and a beta of 1.01. UiPath Inc. has a one year low of $9.38 and a one year high of $19.16.

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.