Caption Management LLC Takes Position in UiPath Inc. (NYSE:PATH)

Caption Management LLC bought a new position in shares of UiPath Inc. (NYSE:PATH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,000 shares of the company’s stock, valued at approximately $381,000.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in shares of UiPath by 88.5% during 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. lifted its position 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of UiPath by 33.4% in the fourth 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 purchased a new stake in shares of UiPath in the fourth quarter worth approximately $50,000. 62.50% of the stock is currently owned by institutional investors.

Insider Transactions at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of the company’s stock in a transaction 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 owns 314,891 shares of the company’s stock, valued at approximately $3,208,739.29. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of UiPath stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total value of $1,186,527.95. Following the sale, 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 disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank decreased their price target on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. UBS Group reduced their target price on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Wednesday, March 26th. Evercore ISI cut their price target 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. Finally, Canaccord Genuity Group decreased their price objective 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. 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.72.

UiPath Stock Performance

NYSE:PATH opened at $12.10 on Thursday. The business’s fifty day moving average is $11.06 and its 200 day moving average is $12.70. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of -75.59 and a beta of 1.01. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $20.95.

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.