Amundi Has $8.39 Million Holdings in UiPath Inc. (NYSE:PATH)

Amundi lifted its position in shares of UiPath Inc. (NYSE:PATH) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 624,858 shares of the company’s stock after acquiring an additional 151,945 shares during the quarter. Amundi’s holdings in UiPath were worth $8,392,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new position in UiPath in the fourth quarter valued at about $298,000. Vestmark Advisory Solutions Inc. increased its stake in shares of UiPath by 27.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 353,993 shares of the company’s stock valued at $4,499,000 after buying an additional 76,647 shares during the period. Raymond James Financial Inc. bought a new position in UiPath in the 4th quarter valued at approximately $5,506,000. Proficio Capital Partners LLC bought a new position in UiPath in the 4th quarter valued at approximately $307,000. Finally, Steward Partners Investment Advisory LLC boosted its position in UiPath by 99.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company’s stock worth $74,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Up 8.8 %

Shares of NYSE:PATH opened at $10.84 on Friday. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.97. The stock’s 50 day moving average is $13.36 and its 200-day moving average is $13.15. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of -67.78 and a beta of 1.00.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PATH. JPMorgan Chase & Co. upped their price target on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Canaccord Genuity Group cut their target price on UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets decreased their price target on UiPath from $16.00 to $11.50 and set a “market perform” rating for the company in a research note on Friday. Royal Bank of Canada cut their price objective on UiPath from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company reduced their target price on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday. Two 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.53.

Insider Buying and Selling at UiPath

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. The trade was 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.

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.