Graphene Investments SAS Has $2.59 Million Stake in UiPath Inc. (NYSE:PATH)

Graphene Investments SAS cut its position in shares of UiPath Inc. (NYSE:PATH) by 11.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 203,500 shares of the company’s stock after selling 25,800 shares during the quarter. Graphene Investments SAS’s holdings in UiPath were worth $2,586,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its holdings in UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after acquiring an additional 3,411,562 shares during the period. Senvest Management LLC lifted its stake in UiPath by 16.7% in the third 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 during the period. Worldquant Millennium Advisors LLC bought a new position in shares of UiPath during the 3rd quarter worth approximately $19,071,000. Assenagon Asset Management S.A. grew its position in shares of UiPath by 314.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 679,651 shares of the company’s stock worth $8,700,000 after buying an additional 515,728 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 acquiring an additional 493,502 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Trading Down 4.0 %

UiPath stock opened at $14.28 on Friday. The business’s 50 day simple moving average is $13.76 and its 200 day simple moving average is $12.94. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87.

Insider Activity

In related news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company cut their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price for the company. BMO Capital Markets raised their price target on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research note on Friday, December 6th. Finally, Barclays lowered their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have assigned 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 a consensus target price of $17.44.

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.