AlphaQuest LLC Purchases 77,966 Shares of UiPath Inc. (NYSE:PATH)

AlphaQuest LLC lifted its position in shares of UiPath Inc. (NYSE:PATH) by 280.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 105,722 shares of the company’s stock after acquiring an additional 77,966 shares during the quarter. AlphaQuest LLC’s holdings in UiPath were worth $1,344,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after purchasing an additional 1,152 shares during the period. First Horizon Advisors Inc. boosted its stake in 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 purchasing an additional 804 shares during the period. V Square Quantitative Management LLC boosted its stake in 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 purchasing an additional 759 shares during the period. Quarry LP boosted its stake in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares during the period. Finally, True Wealth Design LLC boosted its stake in UiPath by 21,710.0% in the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock worth $56,000 after purchasing an additional 4,342 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

PATH has been the subject of a number of research analyst reports. Barclays dropped their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. Morgan Stanley lifted their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, UBS Group began coverage on UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.44.

Insider Transactions at UiPath

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

UiPath Price Performance

Shares of UiPath stock opened at $12.35 on Monday. The business’s 50 day simple moving average is $13.51 and its two-hundred day simple moving average is $13.20. The stock has a market capitalization of $6.78 billion, a P/E ratio of -77.16 and a beta of 1.00. UiPath Inc. has a one year low of $10.37 and a one year high of $25.47.

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.