UiPath Inc. (NYSE:PATH) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in UiPath Inc. (NYSE:PATH) by 280.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,505,585 shares of the company’s stock after acquiring an additional 1,109,669 shares during the quarter. Deutsche Bank AG’s holdings in UiPath were worth $19,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted 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 acquiring an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC grew 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 worth $39,000 after acquiring an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of UiPath during the fourth quarter worth $50,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

PATH has been the subject of a number of recent analyst reports. Barclays decreased their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company dropped their target price on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Mizuho cut their price target on shares of UiPath from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Scotiabank decreased their price objective on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $13.00 target price on shares of UiPath in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.72.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 12,500 shares of the 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 transaction, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This represents a 3.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 98,795 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the transaction, the chief financial officer now owns 987,322 shares in the company, valued at $11,857,737.22. This represents a 9.10% decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

UiPath Trading Down 1.4%

PATH opened at $13.08 on Thursday. The stock has a fifty day moving average price of $11.15 and a 200 day moving average price of $12.71. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $20.95. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of -81.75 and a beta of 1.01.

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.