Oxford Asset Management LLP Invests $898,000 in UiPath Inc. (NYSE:PATH)

Oxford Asset Management LLP acquired a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,615 shares of the company's stock, valued at approximately $898,000.

A number of other institutional investors have also made changes to their positions in PATH. Smartleaf Asset Management LLC boosted its stake 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 worth $31,000 after buying an additional 1,152 shares during the period. First Horizon Advisors Inc. increased its holdings in 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 buying an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 in the last quarter. V Square Quantitative Management LLC grew 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 valued at $39,000 after buying an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of UiPath in the fourth quarter valued at $50,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Hitesh Ramani sold 12,500 shares of UiPath 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 transaction, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.37% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PATH. Bank of America reiterated an "underperform" rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Canaccord Genuity Group dropped their price target on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Wednesday, March 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $13.00 price target on shares of UiPath in a report on Wednesday, March 26th. Finally, Scotiabank reduced their price target on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company 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 issued a buy rating to the stock. Based on data from MarketBeat, UiPath currently has an average rating of "Hold" and an average target price of $12.72.

UiPath Price Performance

Shares of PATH stock traded up $0.00 during trading hours on Thursday, reaching $11.94. The company had a trading volume of 6,325,900 shares, compared to its average volume of 10,673,586. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of -74.59 and a beta of 1.04. The company has a 50 day moving average of $11.13 and a 200 day moving average of $12.73. UiPath Inc. has a 1-year low of $9.38 and a 1-year 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.