Ieq Capital LLC Has $23.97 Million Stake in UiPath Inc. (NYSE:PATH)

Ieq Capital LLC raised its position in UiPath Inc. (NYSE:PATH) by 29.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,885,904 shares of the company’s stock after buying an additional 431,451 shares during the quarter. Ieq Capital LLC owned about 0.34% of UiPath worth $23,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its holdings in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after purchasing an additional 759 shares during the last quarter. Quarry LP grew its holdings in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after purchasing an additional 2,274 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after purchasing an additional 4,342 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of UiPath during the 3rd quarter valued at approximately $65,000. 62.50% of the stock is owned by institutional investors.

Insider Buying and Selling at UiPath

In other UiPath news, 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 completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was 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 of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % 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 Trading Down 3.4 %

Shares of PATH stock opened at $14.40 on Thursday. The firm has a market capitalization of $7.91 billion, a PE ratio of -89.97 and a beta of 0.98. The firm has a fifty day simple moving average of $13.71 and a two-hundred day simple moving average of $13.10. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47.

Wall Street Analyst Weigh In

PATH has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price target on shares of UiPath in a report on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Barclays cut their target price on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. Finally, UBS Group assumed coverage on shares of UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price on the stock. One equities research 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 MarketBeat, UiPath currently has an average rating of “Hold” and a consensus 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.