Stevens Capital Management LP Makes New $288,000 Investment in UiPath Inc. (NYSE:PATH)

Stevens Capital Management LP bought a new stake in shares of UiPath Inc. (NYSE:PATH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,657 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in UiPath in the 4th quarter worth approximately $1,083,000. Sei Investments Co. boosted its position in shares of UiPath by 131.9% during the fourth quarter. Sei Investments Co. now owns 234,884 shares of the company’s stock worth $2,985,000 after acquiring an additional 133,616 shares during the last quarter. American Century Companies Inc. grew its stake in UiPath by 103.7% during the fourth quarter. American Century Companies Inc. now owns 153,191 shares of the company’s stock valued at $1,947,000 after acquiring an additional 77,983 shares in the last quarter. Virtu Financial LLC lifted its stake in UiPath by 381.7% in the 4th quarter. Virtu Financial LLC now owns 108,345 shares of the company’s stock worth $1,377,000 after purchasing an additional 85,851 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of UiPath during the 4th quarter valued at about $544,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America reiterated an “underperform” rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Mizuho lowered their target price on UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. boosted their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Scotiabank lowered their price objective on shares of 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, Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, UiPath has an average rating of “Hold” and a consensus target price of $13.62.

UiPath Stock Performance

Shares of NYSE:PATH opened at $11.20 on Tuesday. The firm’s 50 day simple moving average is $13.07 and its 200-day simple moving average is $13.07. UiPath Inc. has a one year low of $9.50 and a one year high of $23.35. The firm has a market cap of $6.15 billion, a PE ratio of -69.97 and a beta of 1.00.

Insiders Place Their Bets

In related news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred 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 directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This 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 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.