Susquehanna Fundamental Investments LLC Purchases Shares of 568,082 UiPath Inc. (NYSE:PATH)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 568,082 shares of the company's stock, valued at approximately $7,220,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of UiPath as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its stake in shares of UiPath by 88.5% in 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 during the last quarter. First Horizon Advisors Inc. raised its position in UiPath by 47.8% during the 4th 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 increased its holdings in shares of UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after acquiring an additional 1,742 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after acquiring an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of UiPath in the 4th quarter valued at $50,000. Institutional investors own 62.50% of the company's stock.

Insider Transactions at UiPath

In other 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 sale, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PATH shares. Wells Fargo & Company reduced their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $13.00 target price on shares of UiPath in a research note on Wednesday, March 26th. BMO Capital Markets lowered their target price on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Finally, Bank of America reaffirmed an "underperform" rating and set a $10.00 price objective (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus target price of $12.72.

UiPath Stock Up 1.2 %

Shares of NYSE:PATH traded up $0.14 during midday trading on Wednesday, reaching $11.96. The company had a trading volume of 12,208,085 shares, compared to its average volume of 10,689,839. The business's 50 day moving average price is $11.13 and its 200 day moving average price is $12.73. The stock has a market cap of $6.60 billion, a PE ratio of -74.75 and a beta of 1.04. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $20.95.

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.