UiPath Inc. (NYSE:PATH) Shares Sold by Commerce Bank

Commerce Bank reduced its position in UiPath Inc. (NYSE:PATH) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,622 shares of the company’s stock after selling 1,729 shares during the quarter. Commerce Bank’s holdings in UiPath were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in 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 acquiring an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 in the last quarter. V Square Quantitative Management LLC boosted 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 worth $39,000 after purchasing an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of UiPath in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Up 3.9 %

Shares of PATH stock opened at $11.29 on Friday. The firm has a 50 day moving average of $11.33 and a two-hundred day moving average of $12.75. The stock has a market capitalization of $6.23 billion, a PE ratio of -70.56 and a beta of 1.04. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $20.95.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 22.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho dropped their target price on UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, March 26th. UBS Group cut their price target on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 13th. Finally, Bank of America reiterated an “underperform” rating and issued a $10.00 price objective (down from $18.00) 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 given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.72.

About UiPath

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.