UiPath Inc. (NYSE:PATH) Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in UiPath Inc. (NYSE:PATH) by 163.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 110,526 shares of the company’s stock after acquiring an additional 68,536 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in UiPath were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in UiPath by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock worth $187,000 after purchasing an additional 736 shares during the period. V Square Quantitative Management LLC boosted 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 valued at $39,000 after buying an additional 759 shares during the period. First Horizon Advisors Inc. grew its position in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares during the last quarter. Amalgamated Bank raised its stake in UiPath by 3.1% during the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock worth $358,000 after acquiring an additional 836 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in UiPath by 88.5% in the fourth 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 during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $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. Company insiders own 22.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Mizuho dropped their price target on UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. UBS Group lowered their price target on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, March 13th. Barclays dropped their price objective on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their target price on shares of UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.62.

UiPath Stock Performance

Shares of PATH stock opened at $10.87 on Friday. UiPath Inc. has a 1 year low of $9.50 and a 1 year high of $23.04. The business’s fifty day moving average is $12.94 and its 200-day moving average is $13.04. The stock has a market cap of $5.97 billion, a PE ratio of -67.91 and a beta of 1.00.

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.