Raiffeisen Bank International AG Invests $539,000 in UiPath Inc. (NYSE:PATH)

Raiffeisen Bank International AG acquired a new position in shares of UiPath Inc. (NYSE:PATH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 42,300 shares of the company’s stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PATH. Smartleaf Asset Management LLC increased its position 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 worth $31,000 after purchasing an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its stake in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC increased its position in UiPath by 33.4% during the 4th 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in UiPath in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Down 1.2%

Shares of PATH opened at $12.92 on Friday. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of -80.72 and a beta of 1.01. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $20.51. The stock’s 50-day moving average price is $11.19 and its 200-day moving average price is $12.71.

Insider Buying and Selling at UiPath

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays cut their price objective 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. Wells Fargo & Company cut their price target on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Mizuho lowered their price objective on shares of UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Scotiabank dropped their price objective on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.72.

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.