21,029 Shares in UiPath Inc. (NYSE:PATH) Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury purchased a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,029 shares of the company's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new stake in UiPath during the fourth quarter worth approximately $298,000. Principal Financial Group Inc. boosted its holdings in shares of UiPath by 10.5% during the 3rd quarter. Principal Financial Group Inc. now owns 36,685 shares of the company's stock worth $470,000 after buying an additional 3,477 shares during the period. ING Groep NV acquired a new position in UiPath in the 4th quarter valued at $3,120,000. Pacer Advisors Inc. raised its holdings in UiPath by 698.1% in the 4th quarter. Pacer Advisors Inc. now owns 289,471 shares of the company's stock worth $3,679,000 after acquiring an additional 253,203 shares during the period. Finally, Savant Capital LLC lifted its position in UiPath by 483.1% during the 4th quarter. Savant Capital LLC now owns 225,906 shares of the company's stock worth $2,871,000 after acquiring an additional 187,161 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

UiPath Stock Up 0.5 %

NYSE:PATH traded up $0.06 on Friday, reaching $12.50. The stock had a trading volume of 5,493,312 shares, compared to its average volume of 10,806,159. The company has a market capitalization of $6.89 billion, a P/E ratio of -78.13 and a beta of 1.01. The stock has a fifty day moving average price of $11.08 and a 200-day moving average price of $12.70. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $20.95.

Insider Transactions at UiPath

In other UiPath 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 transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $127,375.00. Following the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

Analyst Ratings Changes

PATH has been the topic of several research analyst reports. Morgan Stanley lowered their price target on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company dropped their price target on UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. BMO Capital Markets cut their price target on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a report on Friday, March 14th. Barclays lowered their price objective on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Finally, Canaccord Genuity Group cut their target price on shares of UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.72.

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.