Graphene Investments SAS Has $2.59 Million Position in UiPath Inc. (NYSE:PATH)

Graphene Investments SAS decreased its holdings in shares of UiPath Inc. (NYSE:PATH) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,500 shares of the company’s stock after selling 25,800 shares during the quarter. Graphene Investments SAS’s holdings in UiPath were worth $2,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PATH. Ontario Teachers Pension Plan Board lifted its stake in shares of UiPath by 136.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock worth $1,392,000 after buying an additional 62,650 shares during the last quarter. D.A. Davidson & CO. raised its holdings in UiPath by 60.1% in the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock valued at $7,138,000 after acquiring an additional 209,300 shares during the period. Stifel Financial Corp lifted its position in UiPath by 30.1% during 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. Senvest Management LLC boosted its holdings in shares of UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after acquiring an additional 1,559,500 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of UiPath by 667.7% in the third quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock valued at $1,302,000 after purchasing an additional 88,468 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PATH shares. Barclays dropped their target price on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. Finally, UBS Group began coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.44.

UiPath Stock Performance

Shares of UiPath stock opened at $14.28 on Friday. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The company’s 50 day moving average price is $13.76 and its two-hundred day moving average price is $12.94.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This represents 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 currently owned by corporate insiders.

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.