Nuveen Asset Management LLC Increases Stock Holdings in UiPath Inc. (NYSE:PATH)

Nuveen Asset Management LLC raised its position in shares of UiPath Inc. (NYSE:PATH) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,154,070 shares of the company’s stock after purchasing an additional 18,014 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of UiPath worth $14,668,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after purchasing an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares during the period. EverSource Wealth Advisors LLC raised 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 purchasing an additional 1,742 shares during the period. V Square Quantitative Management LLC raised 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 purchasing an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in UiPath in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Trading Up 0.4%

Shares of PATH opened at $12.39 on Monday. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $19.09. The stock’s 50 day moving average is $11.34 and its two-hundred day moving average is $12.70. The firm has a market capitalization of $6.83 billion, a PE ratio of -77.44 and a beta of 1.01.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of UiPath stock in a transaction that occurred 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 of the company’s stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PATH shares. BMO Capital Markets dropped their price target on UiPath from $16.00 to $11.50 and set a “market perform” rating for the company in a research report on Friday, March 14th. Evercore ISI reduced their price objective on UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company reduced their price objective on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley cut their price target on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.72.

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.