Numerai GP LLC Makes New $373,000 Investment in UiPath Inc. (NYSE:PATH)

Numerai GP LLC purchased a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,375 shares of the company's stock, valued at approximately $373,000.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of 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 buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock valued at $32,000 after purchasing an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after purchasing an additional 1,742 shares during the period. V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in UiPath in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Price Performance

UiPath stock traded up $0.03 during mid-day trading on Wednesday, hitting $12.47. The company's stock had a trading volume of 2,994,722 shares, compared to its average volume of 10,804,797. The business has a 50 day moving average price of $11.25 and a 200-day moving average price of $12.72. UiPath Inc. has a 12 month low of $9.38 and a 12 month high of $20.36. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of -77.84 and a beta of 1.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PATH shares. Wells Fargo & Company lowered their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock 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. Bank of America reissued an "underperform" rating and set a $10.00 price objective (down previously from $18.00) on shares of UiPath in a research note on Thursday, March 13th. BMO Capital Markets decreased their target price on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Finally, Canaccord Genuity Group lowered their price target on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, UiPath currently has a consensus rating of "Hold" and an average target price of $12.72.

Insider Buying and Selling

In other news, CFO Ashim Gupta sold 98,795 shares of UiPath stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 987,322 shares in the company, valued at approximately $11,857,737.22. This trade represents a 9.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value 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 $3,208,739.29. The trade was a 3.82% decrease in their position. The disclosure for this sale can be found here. 23.19% of the stock is owned by corporate insiders.

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.