Quantitative Investment Management LLC Has $574,000 Stock Holdings in UiPath, Inc. $PATH

Quantitative Investment Management LLC boosted its stake in UiPath, Inc. (NYSE:PATH) by 141.2% in the second quarter, Holdings Channel reports. The institutional investor owned 52,870 shares of the company’s stock after acquiring an additional 30,954 shares during the quarter. Quantitative Investment Management LLC’s holdings in UiPath were worth $574,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of UiPath during the 4th quarter valued at $120,176,000. State Street Corp raised its holdings in shares of UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after acquiring an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of UiPath by 76.0% during the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares in the last quarter. Morgan Stanley boosted its position in UiPath by 54.0% during the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after purchasing an additional 3,262,930 shares during the last quarter. Finally, Capital Impact Advisors LLC acquired a new stake in UiPath during the fourth quarter valued at $52,261,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

NYSE PATH opened at $18.16 on Wednesday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The stock’s 50-day moving average is $13.51 and its two-hundred day moving average is $11.82. The firm has a market cap of $9.41 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02.

Analysts Set New Price Targets

PATH has been the topic of several research reports. BMO Capital Markets dropped their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, June 1st. Morgan Stanley reduced their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Bank of America boosted their price target on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. Finally, UBS Group raised their price objective on shares of UiPath from $12.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and an average target price of $14.33.

Insider Activity at UiPath

In related news, CEO Daniel Dines sold 1,402,347 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the transaction, the chief executive officer directly owned 26,491,238 shares of the company’s stock, valued at approximately $425,714,194.66. This trade represents a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.44% of the company’s stock.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.