Mirae Asset Global Investments Co. Ltd. Has $846,000 Stake in UiPath Inc. (NYSE:PATH)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of UiPath Inc. (NYSE:PATH) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,686 shares of the company’s stock after selling 4,196 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in UiPath were worth $846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd bought a new position in shares of UiPath during the third quarter worth about $26,000. Quarry LP increased its position in UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after purchasing an additional 2,274 shares during the last quarter. True Wealth Design LLC lifted its position in shares of UiPath by 21,710.0% in the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock worth $56,000 after purchasing an additional 4,342 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of UiPath in the 3rd quarter valued at $65,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UiPath

In other news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction dated 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 insiders.

UiPath Price Performance

Shares of NYSE PATH opened at $13.96 on Wednesday. The company has a 50-day moving average price of $13.74 and a 200-day moving average price of $12.99. The stock has a market capitalization of $7.67 billion, a P/E ratio of -87.25 and a beta of 0.98. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PATH shares. Royal Bank of Canada reissued a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. BMO Capital Markets raised their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Morgan Stanley lifted their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Barclays cut their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.44.

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.