Charles Schwab Investment Management Inc. Trims Position in UiPath Inc. (NYSE:PATH)

Charles Schwab Investment Management Inc. lessened its stake in UiPath Inc. (NYSE:PATH) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,818,561 shares of the company’s stock after selling 71,799 shares during the period. Charles Schwab Investment Management Inc. owned 0.51% of UiPath worth $35,824,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PATH. Senvest Management LLC boosted its holdings in shares of UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after buying an additional 1,559,500 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after buying an additional 493,502 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of UiPath by 554.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after buying an additional 3,411,562 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of UiPath by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company’s stock valued at $30,984,000 after buying an additional 66,100 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of UiPath by 29.7% in the 4th quarter. Ieq Capital LLC now owns 1,885,904 shares of the company’s stock valued at $23,970,000 after buying an additional 431,451 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Trading Up 8.8 %

Shares of PATH stock opened at $10.84 on Monday. The company’s 50-day moving average price is $13.36 and its 200-day moving average price is $13.15. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of -67.78 and a beta of 1.00. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.97.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PATH. Scotiabank lowered their price target on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday. Bank of America reiterated an “underperform” rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research note on Thursday. Morgan Stanley lowered their target price on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday. 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 research note on Thursday. Finally, UBS Group lowered their target price on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.53.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the company’s 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 transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 sale, the chief financial officer now owns 856,538 shares in the company, valued at $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. Corporate insiders own 22.37% of the company’s stock.

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.