First Trust Advisors LP Boosts Stock Holdings in UiPath Inc. (NYSE:PATH)

First Trust Advisors LP grew its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 631,827 shares of the company's stock after acquiring an additional 25,053 shares during the period. First Trust Advisors LP owned about 0.11% of UiPath worth $8,031,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PATH. Smartleaf Asset Management LLC increased its position in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after purchasing an additional 1,152 shares during the period. First Horizon Advisors Inc. raised its stake in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after buying an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after buying an additional 1,742 shares during the period. V Square Quantitative Management LLC boosted its position in 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 during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in UiPath during the 4th quarter worth about $50,000. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

PATH has been the topic of a number of recent analyst reports. Barclays dropped their price objective on UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets reduced 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $13.00 target price on shares of UiPath in a research report on Wednesday, March 26th. Finally, Morgan Stanley reduced their price target on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.72.

UiPath Stock Up 0.1 %

NYSE PATH traded up $0.02 on Monday, reaching $11.99. The company had a trading volume of 1,854,488 shares, compared to its average volume of 10,716,992. The company's fifty day moving average is $11.09 and its 200 day moving average is $12.72. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $20.95. The stock has a market capitalization of $6.61 billion, a P/E ratio of -74.93 and a beta of 1.04.

Insider Activity

In related news, CAO Hitesh Ramani sold 12,500 shares of the 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 sale, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. This trade represents a 3.82 % 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, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the transaction, the chief financial officer now directly owns 987,322 shares in the company, valued at approximately $11,857,737.22. This represents a 9.10 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

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.