V Square Quantitative Management LLC Has $39,000 Stock Position in UiPath Inc. (NYSE:PATH)

V Square Quantitative Management LLC boosted its position in shares of UiPath Inc. (NYSE:PATH) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,030 shares of the company’s stock after purchasing an additional 759 shares during the period. V Square Quantitative Management LLC’s holdings in UiPath were worth $39,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Cowa LLC boosted its position in UiPath by 4.4% during the third quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after purchasing an additional 1,118 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of UiPath by 6.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after buying an additional 1,654 shares during the last quarter. Amalgamated Bank lifted its position in shares of UiPath by 7.1% in the third quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after buying an additional 1,811 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of UiPath by 10.6% in the third quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock worth $267,000 after buying an additional 1,995 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after buying an additional 2,274 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on PATH shares. Morgan Stanley boosted their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Barclays decreased their price objective on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.44.

Insider Transactions at UiPath

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

UiPath Price Performance

UiPath stock opened at $14.94 on Tuesday. The company has a market cap of $8.21 billion, a price-to-earnings ratio of -93.36 and a beta of 0.98. UiPath Inc. has a one year low of $10.37 and a one year high of $26.56. The firm has a 50-day moving average of $13.72 and a 200-day moving average of $13.06.

UiPath Company 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.