42,788 Shares in UiPath Inc. (NYSE:PATH) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in UiPath Inc. (NYSE:PATH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,788 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of UiPath by 10.6% during 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock worth $36,997,000 after purchasing an additional 291,171 shares in the last quarter. Cerity Partners LLC increased its holdings in UiPath by 524.6% in the 3rd quarter. Cerity Partners LLC now owns 146,900 shares of the company’s stock worth $1,880,000 after purchasing an additional 123,380 shares in the last quarter. Bank of Montreal Can raised its position in UiPath by 492.4% in the third quarter. Bank of Montreal Can now owns 144,847 shares of the company’s stock valued at $1,854,000 after purchasing an additional 120,396 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of UiPath by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 114,164 shares of the company’s stock valued at $1,461,000 after purchasing an additional 2,661 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Trading Down 1.7 %

Shares of UiPath stock opened at $10.69 on Monday. The firm has a market capitalization of $5.87 billion, a P/E ratio of -66.78 and a beta of 1.00. The business’s fifty day simple moving average is $12.89 and its 200 day simple moving average is $13.04. UiPath Inc. has a 12 month low of $9.50 and a 12 month high of $22.83.

Analyst Ratings Changes

A number of brokerages recently issued reports on PATH. Royal Bank of Canada reiterated a “sector perform” rating and issued a $13.00 price objective on shares of UiPath in a report on Wednesday, March 26th. Morgan Stanley dropped their price target 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, March 13th. Scotiabank reduced their price objective on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th. Mizuho lowered their target price on UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Barclays cut their target price on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.62.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company’s stock.

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.