Virtu Financial LLC Boosts Stock Holdings in UiPath Inc. (NYSE:PATH)

Virtu Financial LLC grew its position in shares of UiPath Inc. (NYSE:PATH) by 381.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,345 shares of the company’s stock after purchasing an additional 85,851 shares during the quarter. Virtu Financial LLC’s holdings in UiPath were worth $1,377,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after acquiring an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after acquiring an additional 759 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of research reports. Mizuho dropped their target price on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Scotiabank dropped their target price 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. UBS Group dropped their target price on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday, March 13th. Barclays dropped their target price on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their target price on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.62.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

UiPath Price Performance

NYSE PATH opened at $10.81 on Monday. The firm’s 50-day moving average is $13.10 and its two-hundred day moving average is $13.08. UiPath Inc. has a 12 month low of $9.50 and a 12 month high of $23.35. The stock has a market capitalization of $5.94 billion, a P/E ratio of -67.53 and a beta of 1.00.

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.