UiPath Inc. (NYSE:PATH) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its holdings in UiPath Inc. (NYSE:PATH) by 35.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,604,800 shares of the company’s stock after acquiring an additional 417,300 shares during the period. Canada Pension Plan Investment Board owned 0.29% of UiPath worth $20,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after buying an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in UiPath during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Performance

UiPath stock opened at $10.44 on Friday. The firm has a market capitalization of $5.76 billion, a PE ratio of -65.25 and a beta of 1.04. The stock’s 50 day moving average price is $11.65 and its 200 day moving average price is $12.79. UiPath Inc. has a one year low of $9.38 and a one year high of $20.95.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Scotiabank reduced their target price on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Canaccord Genuity Group lowered their price target on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $13.00 price objective on shares of UiPath in a report on Wednesday, March 26th. Finally, Bank of America restated an “underperform” rating and issued a $10.00 target price (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 assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.72.

Insider Buying and Selling at UiPath

In related 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 sale, the chief accounting officer now directly owns 314,891 shares of the company’s stock, valued at $3,208,739.29. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 22.37% of the stock is currently owned by corporate insiders.

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.