Circumference Group LLC Purchases 75,000 Shares of UiPath Inc. (NYSE:PATH)

Circumference Group LLC raised its holdings in shares of UiPath Inc. (NYSE:PATH) by 25.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 365,000 shares of the company’s stock after acquiring an additional 75,000 shares during the quarter. UiPath comprises approximately 4.0% of Circumference Group LLC’s portfolio, making the stock its 12th biggest holding. Circumference Group LLC’s holdings in UiPath were worth $4,639,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in UiPath by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company’s stock worth $593,101,000 after acquiring an additional 576,458 shares during the last quarter. Senvest Management LLC lifted its holdings in shares of UiPath by 29.2% in the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock worth $178,890,000 after acquiring an additional 3,180,300 shares during the last quarter. AQR Capital Management LLC boosted its position in UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock valued at $84,209,000 after buying an additional 2,072,089 shares during the period. Norges Bank purchased a new position in UiPath in the 4th quarter worth approximately $71,191,000. Finally, Dimensional Fund Advisors LP increased its holdings in UiPath by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,527,209 shares of the company’s stock valued at $44,832,000 after purchasing an additional 143,904 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

PATH has been the topic of a number of research reports. Mizuho dropped their target price on shares of UiPath from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price objective 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. Canaccord Genuity Group reduced their price target on shares of UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Scotiabank lowered their target price on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Finally, Barclays cut their price objective on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.72.

UiPath Trading Up 2.3 %

Shares of NYSE PATH opened at $12.10 on Thursday. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $20.95. The stock’s fifty day simple moving average is $11.06 and its two-hundred day simple moving average is $12.70. The stock has a market capitalization of $6.67 billion, a PE ratio of -75.59 and a beta of 1.01.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 98,795 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the transaction, the chief financial officer now directly owns 987,322 shares of the company’s stock, valued at $11,857,737.22. This represents a 9.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Hitesh Ramani sold 12,500 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the sale, the chief accounting officer now directly owns 314,891 shares of the company’s stock, valued at approximately $3,208,739.29. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

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.