Marshall Wace LLP Acquires 1,296,382 Shares of UiPath Inc. (NYSE:PATH)

Marshall Wace LLP raised its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 111.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,456,102 shares of the company's stock after buying an additional 1,296,382 shares during the quarter. Marshall Wace LLP owned about 0.45% of UiPath worth $31,217,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after acquiring an additional 804 shares during 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 period. V Square Quantitative Management LLC raised 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 purchasing an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in UiPath during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Insider Transactions at UiPath

In other 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 22.37% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wells Fargo & Company cut their price objective on UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. Royal Bank of Canada reissued a "sector perform" rating and set a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Canaccord Genuity Group decreased their target price on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Finally, Barclays cut their price target on UiPath from $15.00 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 issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.72.

UiPath Trading Up 4.6 %

PATH traded up $0.50 during trading hours on Thursday, hitting $11.37. The company's stock had a trading volume of 3,896,574 shares, compared to its average volume of 11,922,604. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of -71.08 and a beta of 1.04. The business's 50-day moving average price is $11.40 and its 200-day moving average price is $12.76. UiPath Inc. has a 12 month low of $9.38 and a 12 month high of $20.95.

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.