Ontario Teachers Pension Plan Board Boosts Stake in UiPath Inc. (NYSE:PATH)

Ontario Teachers Pension Plan Board lifted its stake in UiPath Inc. (NYSE:PATH) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,756 shares of the company’s stock after acquiring an additional 47,031 shares during the period. Ontario Teachers Pension Plan Board’s holdings in UiPath were worth $1,980,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP purchased a new position in shares of UiPath in the 3rd quarter worth approximately $154,000. Public Employees Retirement System of Ohio boosted its position in shares of UiPath by 61.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 240,123 shares of the company’s stock worth $3,074,000 after purchasing an additional 91,788 shares in the last quarter. M&T Bank Corp boosted its position in shares of UiPath by 60.1% in the 3rd quarter. M&T Bank Corp now owns 31,791 shares of the company’s stock worth $407,000 after purchasing an additional 11,940 shares in the last quarter. Geode Capital Management LLC increased its position in UiPath by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after buying an additional 493,502 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in UiPath by 236.0% in the third quarter. Sanctuary Advisors LLC now owns 41,098 shares of the company’s stock valued at $526,000 after buying an additional 28,865 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Insider Transactions at UiPath

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares of the company’s stock, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 22.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PATH shares. Morgan Stanley cut their price objective on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Scotiabank reduced their target price on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. BMO Capital Markets dropped their price target on UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Canaccord Genuity Group reduced their price objective on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company dropped their target price on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.72.

UiPath Stock Down 1.1 %

Shares of PATH opened at $10.59 on Wednesday. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $20.95. The stock has a market cap of $5.84 billion, a PE ratio of -66.20 and a beta of 1.04. The firm’s fifty day moving average is $11.87 and its two-hundred day moving average is $12.84.

UiPath 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.