Washington Harbour Partners LP lessened its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 282,100 shares of the company's stock after selling 162,000 shares during the quarter. UiPath comprises approximately 6.7% of Washington Harbour Partners LP's holdings, making the stock its 4th largest position. Washington Harbour Partners LP owned about 0.05% of UiPath worth $3,585,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in UiPath during the 4th quarter valued at approximately $71,191,000. Senvest Management LLC boosted its stake in UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after purchasing an additional 3,180,300 shares during the period. AQR Capital Management LLC boosted its stake in UiPath by 45.3% during the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock valued at $84,209,000 after purchasing an additional 2,072,089 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake 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 valued at $69,385,000 after purchasing an additional 1,432,569 shares during the period. Finally, Marshall Wace LLP boosted its stake in UiPath by 111.8% during the 4th quarter. Marshall Wace LLP now owns 2,456,102 shares of the company's stock valued at $31,217,000 after purchasing an additional 1,296,382 shares during the period. Institutional investors own 62.50% of the company's stock.
Insider Transactions at UiPath
In related news, CFO Ashim Gupta sold 98,795 shares of the firm's stock in a transaction 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 trade represents a 9.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. 23.19% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on PATH. UBS Group decreased their target price on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $13.00 price target on shares of UiPath in a report on Wednesday, March 26th. Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets cut their price target on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a report on Friday, March 14th. Finally, Scotiabank cut their price target on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.72.
Check Out Our Latest Stock Analysis on PATH
UiPath Price Performance
Shares of PATH traded up $0.05 during mid-day trading on Friday, reaching $12.39. The company had a trading volume of 9,253,854 shares, compared to its average volume of 10,928,750. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $19.09. The company's 50-day moving average is $11.34 and its 200-day moving average is $12.71. The company has a market capitalization of $6.83 billion, a P/E ratio of -77.44 and a beta of 1.01.
UiPath Company Profile
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Free Report)
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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