UiPath Inc. (NYSE:PATH) Shares Sold by Benjamin Edwards Inc.

Benjamin Edwards Inc. decreased its position in UiPath Inc. (NYSE:PATH) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,859 shares of the company’s stock after selling 1,951 shares during the period. Benjamin Edwards Inc.’s holdings in UiPath were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in UiPath by 1.3% during the fourth 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 increased its position in shares of UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock worth $178,890,000 after purchasing an additional 3,180,300 shares during the last quarter. AQR Capital Management LLC raised its holdings in UiPath by 45.3% in the 4th 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 acquired a new position in UiPath in the fourth quarter valued at about $71,191,000. Finally, Dimensional Fund Advisors LP boosted its stake in UiPath by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,527,209 shares of the company’s stock worth $44,832,000 after buying an additional 143,904 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

PATH has been the topic of several recent analyst reports. Evercore ISI decreased their price objective on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada restated a “sector perform” rating and set a $13.00 price target on shares of UiPath in a research report on Wednesday, March 26th. Scotiabank cut their price objective on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Mizuho lowered 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. Finally, Morgan Stanley cut their price target on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus target price of $12.72.

Insider Transactions at UiPath

In related news, CFO Ashim Gupta sold 98,795 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 12,500 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. The trade was a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

UiPath Trading Up 0.5 %

Shares of PATH stock opened at $12.50 on Friday. UiPath Inc. has a 12 month low of $9.38 and a 12 month high of $20.95. The company has a market cap of $6.89 billion, a P/E ratio of -78.13 and a beta of 1.01. The firm has a fifty day moving average price of $11.08 and a 200 day moving average price of $12.70.

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.