UiPath Inc. (NYSE:PATH) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lessened its holdings in UiPath Inc. (NYSE:PATH) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,890 shares of the company’s stock after selling 1,044 shares during the period. Whittier Trust Co.’s holdings in UiPath were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CIBC Asset Management Inc raised its position in UiPath by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after purchasing an additional 736 shares during the period. V Square Quantitative Management LLC grew its stake in shares of UiPath by 33.4% in the fourth 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 in the last quarter. First Horizon Advisors Inc. grew its stake in shares of UiPath by 47.8% in the fourth 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 in the last quarter. Amalgamated Bank lifted its stake in UiPath by 3.1% during the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock worth $358,000 after acquiring an additional 836 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after acquiring an additional 1,152 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was 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 directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

UiPath Trading Up 3.6 %

Shares of NYSE:PATH opened at $11.20 on Tuesday. The firm has a 50 day simple moving average of $13.07 and a 200-day simple moving average of $13.07. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.35. The company has a market capitalization of $6.15 billion, a PE ratio of -69.97 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. raised their price target on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Mizuho dropped their price target on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Canaccord Genuity Group decreased their target price on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, Barclays lowered their target price on UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.