UiPath Inc. (NYSE:PATH) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its stake in shares of UiPath Inc. (NYSE:PATH - Free Report) by 35.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,604,800 shares of the company's stock after buying an additional 417,300 shares during the period. Canada Pension Plan Investment Board owned approximately 0.29% of UiPath worth $20,397,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc increased its holdings in shares of UiPath by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after purchasing an additional 736 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of UiPath by 33.4% in the fourth 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 in the last quarter. First Horizon Advisors Inc. lifted its holdings in UiPath by 47.8% during the fourth 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. Amalgamated Bank grew its position in shares of UiPath by 3.1% in the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company's stock valued at $358,000 after purchasing an additional 836 shares during the period. Finally, United Capital Financial Advisors LLC boosted its holdings in UiPath by 8.6% in the 4th quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock worth $156,000 after buying an additional 971 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Stock Up 2.4 %

PATH traded up $0.28 on Friday, reaching $11.60. The company had a trading volume of 4,428,305 shares, compared to its average volume of 10,582,974. The stock has a 50-day moving average price of $11.33 and a 200-day moving average price of $12.75. The stock has a market capitalization of $6.39 billion, a PE ratio of -72.47 and a beta of 1.04. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.95.

Analyst Ratings Changes

PATH has been the topic of several research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $13.00 target price on shares of UiPath in a research report on Wednesday, March 26th. Barclays dropped their target price on UiPath from $15.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. UBS Group reduced their price target on shares of UiPath from $14.00 to $10.00 and set a "sell" rating on the stock in a research report on Thursday, March 13th. Mizuho lowered their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Finally, Canaccord Genuity Group lowered their price target on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Two research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.72.

Insider Activity

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

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.