OVERSEA CHINESE BANKING Corp Ltd Acquires New Shares in UiPath Inc. (NYSE:PATH)

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of UiPath Inc. (NYSE:PATH) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,895 shares of the company’s stock, valued at approximately $189,000.

A number of other hedge funds have also recently made changes to their positions in PATH. Jacobs Levy Equity Management Inc. boosted its stake in shares of UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Senvest Management LLC boosted its stake in shares of 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 in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of UiPath during the third quarter valued at about $19,071,000. Geode Capital Management LLC boosted its stake in shares of UiPath by 7.2% during 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 in the last quarter. Finally, Washington Harbour Partners LP acquired a new stake in shares of UiPath during the third quarter valued at about $5,684,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the business’s 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 completion of the sale, the chief accounting officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

UiPath Stock Up 0.3 %

Shares of PATH opened at $10.84 on Friday. The business’s fifty day moving average is $13.15 and its 200 day moving average is $13.09. UiPath Inc. has a 12-month low of $9.50 and a 12-month high of $23.97. The stock has a market cap of $5.95 billion, a P/E ratio of -67.72 and a beta of 1.00.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of recent research reports. Barclays cut their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their price objective on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada lowered their price objective on UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Scotiabank lowered their price objective on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Finally, Mizuho lowered their price objective on UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.62.

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.