Northern Trust Corp Has $29.27 Million Stake in UiPath Inc. (NYSE:PATH)

Northern Trust Corp grew its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,303,207 shares of the company's stock after buying an additional 208,307 shares during the period. Northern Trust Corp owned approximately 0.42% of UiPath worth $29,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PATH. CIBC Asset Management Inc raised its holdings in UiPath by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after acquiring an additional 736 shares in the last quarter. V Square Quantitative Management LLC raised its stake in 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 purchasing an additional 759 shares in the last quarter. First Horizon Advisors Inc. lifted its position in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares during the period. Amalgamated Bank grew its stake in UiPath by 3.1% during the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after buying an additional 836 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in UiPath by 8.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Buying and Selling

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 value of $127,375.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,186,527.95. Following the sale, the chief financial officer now directly owns 987,322 shares of the company's stock, valued at approximately $11,857,737.22. This trade represents a 9.10% decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PATH. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $13.00 price target on shares of UiPath in a report on Wednesday, March 26th. BMO Capital Markets cut their target price on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research note on Friday, March 14th. Bank of America reaffirmed an "underperform" rating and issued a $10.00 target price (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Wednesday, March 26th. Finally, Mizuho dropped their price objective on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, UiPath has an average rating of "Hold" and a consensus price target of $12.72.

UiPath Stock Down 0.1%

NYSE PATH traded down $0.02 on Friday, hitting $13.06. The company's stock had a trading volume of 2,175,192 shares, compared to its average volume of 11,365,171. The company's 50-day moving average is $11.17 and its 200 day moving average is $12.71. The firm has a market cap of $7.20 billion, a PE ratio of -81.59 and a beta of 1.01. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $20.59.

About UiPath

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.