Price T Rowe Associates Inc. MD Sells 415,194 Shares of UiPath Inc. (NYSE:PATH)

Price T Rowe Associates Inc. MD decreased its position in UiPath Inc. (NYSE:PATH - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,926 shares of the company's stock after selling 415,194 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.05% of UiPath worth $3,711,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position 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 purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted its stake 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 during the period. EverSource Wealth Advisors LLC boosted its holdings 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 worth $38,000 after buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of 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 buying an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of UiPath in the 4th quarter valued at $50,000. Institutional investors own 62.50% of the company's stock.

Insider Activity at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of the company'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 value of $127,375.00. Following the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction 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 sale, the chief financial officer now owns 987,322 shares in the company, valued at approximately $11,857,737.22. The trade was a 9.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PATH has been the topic of several research analyst reports. Mizuho cut their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Bank of America reaffirmed an "underperform" rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Canaccord Genuity Group cut 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. Finally, Evercore ISI decreased their price objective on UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.72.

UiPath Stock Performance

NYSE:PATH traded up $0.06 on Friday, hitting $12.50. The stock had a trading volume of 5,493,312 shares, compared to its average volume of 10,806,159. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.95. The firm's fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $12.70. The stock has a market cap of $6.89 billion, a P/E ratio of -78.13 and a beta of 1.01.

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.