UiPath, Inc. $PATH Shares Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC lifted its position in UiPath, Inc. (NYSE:PATH) by 141.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,870 shares of the company’s stock after buying an additional 30,954 shares during the period. Quantitative Investment Management LLC’s holdings in UiPath were worth $574,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Meeder Advisory Services Inc. raised its position in UiPath by 7.6% in the fourth quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock worth $199,000 after acquiring an additional 861 shares in the last quarter. Pasadena Private Wealth LLC boosted its position in shares of UiPath by 9.0% during the 1st quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock valued at $142,000 after purchasing an additional 1,050 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of UiPath by 36.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company’s stock valued at $81,000 after purchasing an additional 1,329 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of UiPath by 5.6% in the 4th quarter. Corient Private Wealth LLC now owns 27,283 shares of the company’s stock worth $447,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of UiPath by 14.0% in the 2nd quarter. Wedbush Securities Inc. now owns 11,920 shares of the company’s stock worth $130,000 after purchasing an additional 1,465 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

PATH has been the subject of several recent research reports. BMO Capital Markets cut their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Weiss Ratings restated a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. DA Davidson dropped their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Bank of America increased their price objective on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. Finally, UBS Group raised their price objective on UiPath from $12.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and an average target price of $14.33.

UiPath Stock Performance

UiPath stock opened at $18.16 on Wednesday. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 2.24 and a beta of 1.02. The company has a 50 day moving average price of $13.51 and a 200 day moving average price of $11.82.

Insider Activity

In other news, CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the completion of the sale, the chief executive officer owned 26,491,238 shares in the company, valued at $425,714,194.66. This represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.44% of the stock is owned by insiders.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.