Signaturefd LLC Decreases Stock Position in UiPath Inc. (NYSE:PATH)

Signaturefd LLC decreased its position in shares of UiPath Inc. (NYSE:PATH) by 11.6% in the 4th quarter, Holdings Channel reports. The fund owned 8,800 shares of the company’s stock after selling 1,150 shares during the quarter. Signaturefd LLC’s holdings in UiPath were worth $112,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in PATH. Senvest Management LLC lifted its holdings in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after purchasing an additional 1,559,500 shares during the last quarter. Geode Capital Management LLC raised its position in shares of UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after purchasing an additional 493,502 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of UiPath by 554.8% during 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. Charles Schwab Investment Management Inc. grew its stake 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 valued at $36,997,000 after buying an additional 291,171 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in UiPath by 2.8% during the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company’s stock valued at $30,984,000 after acquiring an additional 66,100 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PATH shares. JPMorgan Chase & Co. raised their price target on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Scotiabank cut their target price on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Barclays decreased their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company lowered their price target on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.62.

Insider Activity

In related news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction 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. Corporate insiders own 22.37% of the company’s stock.

UiPath Stock Down 0.1 %

NYSE PATH opened at $10.81 on Monday. The stock’s 50-day simple moving average is $13.10 and its two-hundred day simple moving average is $13.08. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.35. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of -67.53 and a beta of 1.00.

UiPath 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.