Nordea Investment Management AB Has $3.61 Million Stock Holdings in UiPath Inc. (NYSE:PATH)

Nordea Investment Management AB lowered its stake in shares of UiPath Inc. (NYSE:PATH) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,373 shares of the company’s stock after selling 12,707 shares during the period. Nordea Investment Management AB owned about 0.05% of UiPath worth $3,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in UiPath during the second quarter valued at $69,180,000. Jacobs Levy Equity Management Inc. raised 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 worth $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Senvest Management LLC lifted its holdings in shares of UiPath by 16.7% during the 3rd 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 last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of UiPath in the 3rd quarter valued at approximately $19,071,000. Finally, Renaissance Technologies LLC acquired a new position in UiPath in the second quarter worth approximately $13,280,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on PATH. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday, December 19th. UBS Group initiated coverage on shares of UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. raised their target price on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Barclays decreased their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, UiPath currently has a consensus rating of “Hold” and an average target price of $17.44.

UiPath Stock Down 3.4 %

Shares of PATH opened at $12.97 on Friday. The stock’s 50-day moving average price is $13.56 and its 200 day moving average price is $12.76. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of -81.06 and a beta of 0.96.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

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.