Stanley Laman Group Ltd. Has $4.42 Million Stake in UiPath Inc. (NYSE:PATH)

Stanley Laman Group Ltd. decreased its holdings in shares of UiPath Inc. (NYSE:PATH) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,989 shares of the company’s stock after selling 54,666 shares during the quarter. Stanley Laman Group Ltd. owned 0.06% of UiPath worth $4,423,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PATH. Jacobs Levy Equity Management Inc. raised its stake in UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after acquiring an additional 3,411,562 shares in the last quarter. Senvest Management LLC raised its stake in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after acquiring an additional 1,559,500 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in UiPath during the third quarter worth about $19,071,000. Assenagon Asset Management S.A. raised its stake in UiPath by 314.6% during the third quarter. Assenagon Asset Management S.A. now owns 679,651 shares of the company’s stock worth $8,700,000 after acquiring an additional 515,728 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after acquiring an additional 493,502 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Performance

UiPath stock opened at $14.15 on Thursday. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $26.56. The stock’s 50 day moving average price is $13.72 and its two-hundred day moving average price is $12.99.

Insiders Place Their Bets

In other news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 in the company, valued at $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. Company insiders own 22.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PATH shares. UBS Group assumed coverage on UiPath in a research note on Thursday, December 12th. They set a “sell” rating and a $14.00 target price for the company. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Wednesday, January 15th. BMO Capital Markets boosted their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Barclays reduced their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley boosted their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.44.

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.