UiPath Inc. (NYSE:PATH) Holdings Raised by Globeflex Capital L P

Globeflex Capital L P lifted its holdings in UiPath Inc. (NYSE:PATH) by 3,514.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,190 shares of the company’s stock after purchasing an additional 148,952 shares during the period. Globeflex Capital L P’s holdings in UiPath were worth $1,947,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted its position 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 period. EverSource Wealth Advisors LLC lifted its position in shares of UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after buying an additional 759 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Trading Up 8.8 %

UiPath stock opened at $10.84 on Friday. UiPath Inc. has a 12 month low of $9.50 and a 12 month high of $23.97. The business’s 50 day simple moving average is $13.36 and its 200 day simple moving average is $13.15. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -67.78 and a beta of 1.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PATH shares. Morgan Stanley dropped their price target on UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday. BMO Capital Markets reduced their price target on UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a research report on Friday. Mizuho reduced their target price on UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group dropped their price target on UiPath from $14.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group dropped their price target on UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UiPath has a consensus rating of “Hold” and a consensus price target of $14.53.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. 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.