Invesco Ltd. Has $4.87 Million Stake in UiPath Inc. (NYSE:PATH)

Invesco Ltd. increased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 382,800 shares of the company's stock after buying an additional 36,332 shares during the quarter. Invesco Ltd. owned about 0.07% of UiPath worth $4,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after purchasing an additional 1,742 shares during the period. V Square Quantitative Management LLC increased its holdings in 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 purchasing an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in UiPath in the fourth quarter valued at approximately $50,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UiPath

In other UiPath news, 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 value of $127,375.00. Following the completion of the sale, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.37% of the company's stock.

UiPath Stock Performance

Shares of PATH traded up $0.02 during mid-day trading on Thursday, hitting $11.96. The company's stock had a trading volume of 1,968,115 shares, compared to its average volume of 10,657,537. UiPath Inc. has a one year low of $9.38 and a one year high of $20.95. The stock's 50-day moving average is $11.13 and its two-hundred day moving average is $12.73. The firm has a market capitalization of $6.59 billion, a PE ratio of -75.16 and a beta of 1.04.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PATH. Wells Fargo & Company cut their price objective on UiPath from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. BMO Capital Markets dropped their price objective 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $13.00 price target on shares of UiPath in a research report on Wednesday, March 26th. Morgan Stanley cut their price objective 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. Finally, Mizuho lowered their target price on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. 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, the company currently has a consensus rating of "Hold" and a consensus target price 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.