Aster Capital Management DIFC Ltd Purchases Shares of 8,031 UiPath Inc. (NYSE:PATH)

Aster Capital Management DIFC Ltd acquired a new position in shares of UiPath Inc. (NYSE:PATH) during the 4th quarter, Holdings Channel reports. The fund acquired 8,031 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PATH. Smartleaf Asset Management LLC lifted its holdings in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after acquiring an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after purchasing an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after purchasing an additional 1,742 shares during the period. V Square Quantitative Management LLC increased its position 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. Finally, Quarry LP raised its holdings in 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 buying an additional 2,729 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PATH. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Wednesday, March 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $13.00 price target on shares of UiPath in a report on Wednesday, March 26th. Bank of America reissued an “underperform” rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Barclays dropped their target price on UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, Evercore ISI reduced their price target on UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a report on Thursday, March 13th. Two 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.78.

UiPath Price Performance

PATH stock opened at $9.88 on Wednesday. UiPath Inc. has a 1-year low of $9.38 and a 1-year high of $21.90. The business has a 50-day moving average price of $12.30 and a 200 day moving average price of $12.92. The company has a market capitalization of $5.45 billion, a P/E ratio of -61.72 and a beta of 1.04.

Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now owns 314,891 shares in the company, valued at $3,208,739.29. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.37% of the company’s stock.

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.