Bokf Na Decreases Stock Holdings in UiPath Inc. (NYSE:PATH)

Bokf Na reduced its holdings in UiPath Inc. (NYSE:PATH) by 19.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 157,538 shares of the company’s stock after selling 38,052 shares during the period. Bokf Na’s holdings in UiPath were worth $2,043,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jackson Creek Investment Advisors LLC purchased a new stake in UiPath during the 4th quarter valued at $298,000. ING Groep NV bought a new stake in UiPath in the fourth quarter worth about $3,120,000. Pacer Advisors Inc. lifted its stake in shares of UiPath by 698.1% during the 4th quarter. Pacer Advisors Inc. now owns 289,471 shares of the company’s stock worth $3,679,000 after acquiring an additional 253,203 shares during the last quarter. Savant Capital LLC boosted its stake in shares of UiPath by 483.1% during the fourth quarter. Savant Capital LLC now owns 225,906 shares of the company’s stock valued at $2,871,000 after purchasing an additional 187,161 shares during the period. Finally, Washington Capital Management Inc. bought a new position in UiPath in the 4th quarter worth about $432,000. 62.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 12,500 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now directly owns 314,891 shares of the company’s stock, valued at $3,208,739.29. The trade was a 3.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the transaction, the chief financial officer now directly owns 987,322 shares in the company, valued at $11,857,737.22. This trade represents a 9.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

UiPath Stock Performance

UiPath stock opened at $12.44 on Friday. The stock’s fifty day moving average is $11.07 and its two-hundred day moving average is $12.69. UiPath Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $20.95. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of -77.72 and a beta of 1.01.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Canaccord Genuity Group cut their price objective on shares of UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Scotiabank dropped their price target on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th. Mizuho reduced their target price on shares of UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Finally, Barclays lowered their price objective on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.72.

UiPath 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.