Bank Hapoalim BM Raises Holdings in UiPath Inc. (NYSE:PATH)

Bank Hapoalim BM increased its position in shares of UiPath Inc. (NYSE:PATH) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,659 shares of the company’s stock after purchasing an additional 10,760 shares during the quarter. Bank Hapoalim BM’s holdings in UiPath were worth $1,076,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PATH. Jacobs Levy Equity Management Inc. grew its holdings in 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. Senvest Management LLC grew its holdings in 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. Worldquant Millennium Advisors LLC purchased a new stake in UiPath in the 3rd quarter valued at $19,071,000. Assenagon Asset Management S.A. grew its holdings in UiPath by 314.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 679,651 shares of the company’s stock valued at $8,700,000 after buying an additional 515,728 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated 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 owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on PATH shares. UBS Group began coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company decreased their price target 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. Finally, Barclays decreased their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.44.

UiPath Stock Up 1.7 %

PATH stock opened at $14.45 on Wednesday. The business’s 50-day moving average is $13.74 and its two-hundred day moving average is $12.91. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87.

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.