Barclays PLC Decreases Stake in UiPath Inc. (NYSE:PATH)

Barclays PLC reduced its stake in UiPath Inc. (NYSE:PATH - Free Report) by 31.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 169,649 shares of the company's stock after selling 79,124 shares during the quarter. Barclays PLC's holdings in UiPath were worth $2,154,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in UiPath by 10.5% during the third quarter. Principal Financial Group Inc. now owns 36,685 shares of the company's stock worth $470,000 after purchasing an additional 3,477 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of UiPath during the 4th quarter worth approximately $241,000. Diversified Trust Co purchased a new position in shares of UiPath during the 4th quarter worth approximately $715,000. Claro Advisors LLC purchased a new stake in shares of UiPath in the fourth quarter valued at approximately $142,000. Finally, Pallas Capital Advisors LLC boosted its stake in shares of UiPath by 9.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 64,109 shares of the company's stock valued at $815,000 after buying an additional 5,661 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PATH shares. BMO Capital Markets cut their price objective on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a research report on Friday, March 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $13.00 price objective on shares of UiPath in a research note on Wednesday, March 26th. Barclays lowered their target price on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a research 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 for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley decreased their price target on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.72.

UiPath Stock Down 1.7 %

Shares of PATH traded down $0.20 on Monday, hitting $11.77. 9,591,017 shares of the stock traded hands, compared to its average volume of 10,747,360. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.95. The stock's 50 day moving average is $11.09 and its two-hundred day moving average is $12.72. The firm has a market capitalization of $6.49 billion, a P/E ratio of -73.56 and a beta of 1.04.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of the 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 transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

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.