Versor Investments LP Has $878,000 Position in UiPath Inc. (NYSE:PATH)

Versor Investments LP grew its stake in shares of UiPath Inc. (NYSE:PATH) by 232.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 69,051 shares of the company’s stock after buying an additional 48,251 shares during the period. Versor Investments LP’s holdings in UiPath were worth $878,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in shares of UiPath during the fourth quarter valued at about $307,000. Oppenheimer & Co. Inc. raised its position in shares of UiPath by 60.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 314,247 shares of the company’s stock valued at $3,994,000 after buying an additional 118,606 shares during the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new position in shares of UiPath during the fourth quarter valued at about $159,000. GenTrust LLC acquired a new position in UiPath in the fourth quarter worth about $281,000. Finally, Amalgamated Bank raised its position in UiPath by 3.1% in the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock worth $358,000 after purchasing an additional 836 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

Analyst Ratings Changes

PATH has been the subject of several recent research reports. UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price target for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. Morgan Stanley increased their price target on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. BMO Capital Markets increased their price target on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.44.

UiPath Price Performance

PATH opened at $12.30 on Friday. UiPath Inc. has a one year low of $10.37 and a one year high of $25.47. The company’s 50 day simple moving average is $13.65 and its 200-day simple moving average is $13.17. The stock has a market capitalization of $6.76 billion, a P/E ratio of -76.84 and a beta of 0.98.

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.