Stevens Capital Management LP Purchases Shares of 22,657 UiPath Inc. (NYSE:PATH)

Stevens Capital Management LP acquired a new stake in shares of UiPath Inc. (NYSE:PATH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,657 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its position in UiPath by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after purchasing an additional 736 shares during the period. V Square Quantitative Management LLC increased its position in shares of UiPath by 33.4% during the fourth 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 period. First Horizon Advisors Inc. lifted its holdings in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 shares during the period. Amalgamated Bank boosted its position in UiPath by 3.1% during the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock valued at $358,000 after acquiring an additional 836 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after acquiring an additional 1,152 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Price Performance

PATH stock opened at $11.20 on Tuesday. The company has a market cap of $6.15 billion, a P/E ratio of -69.97 and a beta of 1.00. UiPath Inc. has a 1 year low of $9.50 and a 1 year high of $23.35. The stock’s fifty day moving average price is $13.07 and its 200-day moving average price is $13.07.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PATH shares. JPMorgan Chase & Co. lifted their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets reduced their target price on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a research report on Friday, March 14th. UBS Group lowered their price target on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, March 13th. Evercore ISI cut their price objective on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a report on Thursday, March 13th. Finally, Barclays lowered their target price on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, UiPath currently has an average rating of “Hold” and an average price target of $13.62.

Insiders Place Their Bets

In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction 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 transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 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.