OVERSEA CHINESE BANKING Corp Ltd Takes Position in UiPath Inc. (NYSE:PATH)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in UiPath Inc. (NYSE:PATH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,895 shares of the company’s stock, valued at approximately $189,000.

Several other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its holdings in shares of UiPath by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after buying an additional 736 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of UiPath by 3.1% in the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock valued at $358,000 after buying an additional 836 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after buying an additional 1,152 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PATH. Wells Fargo & Company dropped their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. UBS Group dropped their price target on UiPath from $14.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets dropped their price target on UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Evercore ISI dropped their price target on UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a research note on Thursday, March 13th. Finally, Morgan Stanley dropped their price target on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.62.

UiPath Stock Performance

Shares of NYSE PATH opened at $10.84 on Friday. UiPath Inc. has a 52 week low of $9.50 and a 52 week high of $23.97. The stock has a market capitalization of $5.95 billion, a P/E ratio of -67.72 and a beta of 1.00. The stock’s fifty day moving average is $13.15 and its 200 day moving average is $13.09.

Insider Buying and Selling

In related news, CAO Hitesh Ramani sold 25,000 shares of the firm’s 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 directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This trade 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 firm’s 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 sale, the chief financial officer now directly 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. 22.37% of the stock is owned by company insiders.

About UiPath

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.