Swiss National Bank Sells 35,700 Shares of UiPath Inc. (NYSE:PATH)

Swiss National Bank cut its holdings in UiPath Inc. (NYSE:PATH) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 827,500 shares of the company’s stock after selling 35,700 shares during the quarter. Swiss National Bank’s holdings in UiPath were worth $10,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Senvest Management LLC lifted its holdings in UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares during the period. Geode Capital Management LLC lifted its holdings in UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after buying an additional 493,502 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in UiPath by 554.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after buying an additional 3,411,562 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in UiPath by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock worth $36,997,000 after buying an additional 291,171 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in UiPath by 2.8% in the fourth quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company’s stock worth $30,984,000 after buying an additional 66,100 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Stock Up 0.3 %

Shares of NYSE PATH opened at $10.84 on Friday. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.97. The firm has a market cap of $5.95 billion, a P/E ratio of -67.72 and a beta of 1.00. The company has a 50 day moving average of $13.15 and a 200 day moving average of $13.09.

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

PATH has been the subject of several research analyst reports. Bank of America restated an “underperform” rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Morgan Stanley lowered their price objective on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Barclays lowered their target price on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Wells Fargo & Company lowered their target price on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.62.

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.