UiPath Inc. (NYSE:PATH) Position Decreased by Gotham Asset Management LLC

Gotham Asset Management LLC cut its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 693,613 shares of the company's stock after selling 173,041 shares during the quarter. Gotham Asset Management LLC owned 0.13% of UiPath worth $8,816,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in UiPath by 88.5% during 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 in the last quarter. First Horizon Advisors Inc. lifted its holdings 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 buying an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after purchasing an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of UiPath in the 4th quarter valued at $50,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Trading Down 1.2%

Shares of NYSE:PATH traded down $0.16 during midday trading on Friday, hitting $12.92. The stock had a trading volume of 8,859,002 shares, compared to its average volume of 10,785,180. The company has a market capitalization of $7.12 billion, a PE ratio of -80.72 and a beta of 1.01. The stock has a 50 day moving average price of $11.17 and a two-hundred day moving average price of $12.71. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.87.

Insider Buying and Selling

In other news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 987,322 shares of the company's stock, valued at $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were 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 owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

Analyst Ratings Changes

PATH has been the topic of a number of analyst reports. Barclays reduced their price objective on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley reduced their price objective on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Evercore ISI reduced their price objective on shares of UiPath from $16.00 to $12.00 and set an "in-line" rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada restated a "sector perform" rating and issued a $13.00 price objective on shares of UiPath in a report on Wednesday, March 26th. Finally, Scotiabank reduced their price objective on shares of UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.72.

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.