Senvest Management LLC Grows Stock Position in UiPath Inc. (NYSE:PATH)

Senvest Management LLC boosted its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,074,783 shares of the company's stock after acquiring an additional 3,180,300 shares during the period. UiPath comprises 5.5% of Senvest Management LLC's portfolio, making the stock its 3rd largest holding. Senvest Management LLC owned approximately 2.56% of UiPath worth $178,890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PATH. Jackson Creek Investment Advisors LLC purchased a new stake in UiPath in the 4th quarter valued at approximately $298,000. Stifel Financial Corp raised its holdings in shares of UiPath by 30.1% in the third quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock worth $4,145,000 after acquiring an additional 74,959 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of UiPath by 10.5% in the third quarter. Principal Financial Group Inc. now owns 36,685 shares of the company's stock valued at $470,000 after acquiring an additional 3,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company's stock valued at $93,619,000 after acquiring an additional 493,502 shares during the last quarter. Finally, ING Groep NV acquired a new position in UiPath in the 4th quarter valued at about $3,120,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Stock Performance

Shares of PATH stock traded up $0.06 during trading hours on Friday, reaching $10.44. The company had a trading volume of 11,973,213 shares, compared to its average volume of 10,487,091. The stock's fifty day simple moving average is $11.65 and its 200 day simple moving average is $12.79. The company has a market capitalization of $5.76 billion, a P/E ratio of -65.25 and a beta of 1.04. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $20.95.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PATH shares. Royal Bank of Canada reissued a "sector perform" rating and issued a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Canaccord Genuity Group decreased their price objective on UiPath from $19.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Scotiabank reduced their target price on UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. UBS Group dropped their price objective on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Finally, 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 report on Tuesday. Two investment 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.72.

Insider Buying and Selling at UiPath

In other 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 completion of the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.37% of the stock is owned by corporate insiders.

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.