Numerai GP LLC Acquires New Position in UiPath Inc. (NYSE:PATH)

Numerai GP LLC purchased a new stake in UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,375 shares of the company's stock, valued at approximately $373,000.

Several other large investors have also modified their holdings of PATH. Jackson Creek Investment Advisors LLC acquired a new stake in UiPath during the fourth quarter worth approximately $298,000. ING Groep NV acquired a new position in shares of UiPath in the 4th quarter valued at $3,120,000. Pacer Advisors Inc. boosted its holdings in shares of UiPath by 698.1% in the 4th quarter. Pacer Advisors Inc. now owns 289,471 shares of the company's stock valued at $3,679,000 after purchasing an additional 253,203 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of UiPath by 483.1% in the 4th quarter. Savant Capital LLC now owns 225,906 shares of the company's stock valued at $2,871,000 after purchasing an additional 187,161 shares during the last quarter. Finally, Washington Capital Management Inc. acquired a new position in shares of UiPath in the 4th quarter valued at $432,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PATH shares. Canaccord Genuity Group decreased their price target on shares of UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. BMO Capital Markets decreased their price target on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a report on Friday, March 14th. Morgan Stanley decreased their price target 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. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. Finally, Bank of America restated an "underperform" rating and set a $10.00 target price (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.72.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction dated 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 $3,208,739.29. The trade was a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company's stock.

UiPath Price Performance

UiPath stock traded down $0.16 during midday trading on Friday, hitting $12.92. 8,859,002 shares of the stock were exchanged, compared to its average volume of 10,829,605. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.51. The firm has a market cap of $7.12 billion, a P/E ratio of -80.72 and a beta of 1.01. The company has a 50 day moving average price of $11.19 and a two-hundred day moving average price 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.