UiPath Inc. (NYSE:PATH) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in UiPath Inc. (NYSE:PATH) by 35.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,604,800 shares of the company’s stock after buying an additional 417,300 shares during the quarter. Canada Pension Plan Investment Board’s holdings in UiPath were worth $20,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PATH. Smartleaf Asset Management LLC grew its stake in shares of UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after acquiring an additional 804 shares during the period. EverSource Wealth Advisors LLC raised its position in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in 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 acquiring an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of UiPath during the 4th quarter valued at about $50,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PATH shares. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Wednesday, March 26th. Mizuho decreased their price objective on UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets dropped their target price on UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a report on Friday, March 14th. UBS Group decreased their price target on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 13th. Finally, Canaccord Genuity Group cut their target price on shares of UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, UiPath has an average rating of “Hold” and an average target price of $12.72.

UiPath Stock Performance

Shares of PATH stock opened at $10.44 on Friday. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $20.95. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of -65.25 and a beta of 1.04. The stock’s 50 day simple moving average is $11.65 and its 200 day simple moving average is $12.79.

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.