AQR Capital Management LLC Raises Stock Holdings in UiPath Inc. (NYSE:PATH)

AQR Capital Management LLC lifted its position in UiPath Inc. (NYSE:PATH - Free Report) by 45.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,646,320 shares of the company's stock after buying an additional 2,072,089 shares during the period. AQR Capital Management LLC owned approximately 1.21% of UiPath worth $84,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in shares of UiPath by 9.9% in the fourth quarter. Northern Trust Corp now owns 2,303,207 shares of the company's stock worth $29,274,000 after buying an additional 208,307 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of UiPath during the fourth quarter worth approximately $898,000. Susquehanna Fundamental Investments LLC acquired a new position in UiPath in the 4th quarter valued at approximately $7,220,000. Nebula Research & Development LLC purchased a new stake in shares of UiPath during the fourth quarter worth $187,000. Finally, Voya Investment Management LLC lifted its holdings in shares of UiPath by 321.3% during the 4th quarter. Voya Investment Management LLC now owns 783,111 shares of the company's stock valued at $9,953,000 after buying an additional 597,233 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 owns 987,322 shares in the company, valued at $11,857,737.22. This trade represents a 9.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the company's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $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 currently owned by company insiders.

UiPath Stock Performance

PATH traded up $0.19 on Tuesday, reaching $11.96. The company had a trading volume of 2,267,002 shares, compared to its average volume of 10,714,142. The company has a market cap of $6.59 billion, a price-to-earnings ratio of -74.72 and a beta of 1.01. The business has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $12.71. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $20.95.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PATH shares. UBS Group dropped their price objective on UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research note on Thursday, March 13th. Barclays dropped their target price on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their price target on UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Evercore ISI dropped their target price on UiPath from $16.00 to $12.00 and set an "in-line" rating for the company in a research report on Thursday, March 13th. Finally, BMO Capital Markets decreased their price target on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a report on Friday, March 14th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.72.

UiPath Company 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.