UiPath Inc. (NYSE:PATH) Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System boosted its holdings in UiPath Inc. (NYSE:PATH) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,572 shares of the company’s stock after acquiring an additional 2,349 shares during the quarter. Maryland State Retirement & Pension System’s holdings in UiPath were worth $312,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PATH. Jacobs Levy Equity Management Inc. raised its stake in shares of UiPath by 554.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of UiPath during the 3rd quarter worth about $19,071,000. Geode Capital Management LLC lifted its stake in shares of UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after acquiring an additional 493,502 shares during the period. Washington Harbour Partners LP bought a new position in shares of UiPath in the third quarter valued at approximately $5,684,000. Finally, Raymond James Financial Inc. acquired a new position in shares of UiPath during the fourth quarter valued at approximately $5,506,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Transactions at UiPath

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

UiPath Stock Performance

UiPath stock opened at $11.34 on Wednesday. The firm’s 50 day moving average price is $13.03 and its two-hundred day moving average price is $13.07. The firm has a market cap of $6.23 billion, a PE ratio of -70.88 and a beta of 1.00. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.35.

Analyst Ratings Changes

A number of equities analysts have issued reports on PATH shares. Wells Fargo & Company decreased their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Morgan Stanley lowered their target price on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Scotiabank cut their price target on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, March 13th. Finally, Barclays dropped their target price on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, UiPath currently has a consensus rating of “Hold” and a consensus target price of $13.62.

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.