Voya Investment Management LLC Boosts Position in UiPath Inc. (NYSE:PATH)

Voya Investment Management LLC raised its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 321.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 783,111 shares of the company's stock after purchasing an additional 597,233 shares during the period. Voya Investment Management LLC owned 0.14% of UiPath worth $9,953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of UiPath in the fourth quarter valued at approximately $132,000. Sirios Capital Management L P bought a new stake in UiPath during the 4th quarter valued at $3,052,000. Stifel Financial Corp lifted its position in shares of UiPath by 6.3% during the fourth quarter. Stifel Financial Corp now owns 344,068 shares of the company's stock worth $4,373,000 after acquiring an additional 20,250 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in shares of UiPath in the fourth quarter worth $267,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of UiPath by 33.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 25,092 shares of the company's stock worth $319,000 after acquiring an additional 6,293 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PATH. Barclays dropped their price objective on UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley cut their price objective on shares of UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Canaccord Genuity Group decreased their target price on shares of UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company cut their price target on shares of UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $13.00 price target on shares of UiPath in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $12.72.

UiPath Stock Performance

Shares of PATH stock traded up $0.09 on Friday, hitting $11.97. 6,644,047 shares of the company's stock traded hands, compared to its average volume of 10,751,995. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of -74.81 and a beta of 1.04. The company's fifty day simple moving average is $11.09 and its 200 day simple moving average is $12.72. UiPath Inc. has a one year low of $9.38 and a one year high of $20.95.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 98,795 shares of the business'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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the firm'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 completion of the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

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.