Trexquant Investment LP Makes New Investment in UiPath Inc. (NYSE:PATH)

Trexquant Investment LP acquired a new position in UiPath Inc. (NYSE:PATH) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,228,274 shares of the company’s stock, valued at approximately $15,611,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC purchased a new position in UiPath during the fourth quarter valued at approximately $298,000. Stifel Financial Corp raised its holdings in UiPath by 30.1% in the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock worth $4,145,000 after acquiring an additional 74,959 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after purchasing an additional 3,411,562 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of UiPath by 10.5% in the third quarter. Principal Financial Group Inc. now owns 36,685 shares of the company’s stock worth $470,000 after acquiring an additional 3,477 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after buying an additional 493,502 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Performance

NYSE PATH opened at $10.50 on Wednesday. The stock has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $13.02. The stock has a market cap of $5.79 billion, a P/E ratio of -65.64 and a beta of 1.00. UiPath Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $22.11.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of analyst reports. BMO Capital Markets cut their price target on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating for the company in a research note on Friday, March 14th. Evercore ISI lowered their price target on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a report on Thursday, March 13th. Barclays cut their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Scotiabank cut their price objective on UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $13.00 price target on shares of UiPath in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.62.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction on Friday, January 3rd. The stock was 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 owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

UiPath Company 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.