Victory Capital Management Inc. Has $647,000 Holdings in UiPath Inc. (NYSE:PATH)

Victory Capital Management Inc. trimmed its position in UiPath Inc. (NYSE:PATH) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 50,910 shares of the company’s stock after selling 2,216 shares during the quarter. Victory Capital Management Inc.’s holdings in UiPath were worth $647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of UiPath by 88.5% in the fourth 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. increased its holdings in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after purchasing an additional 804 shares during the period. V Square Quantitative Management LLC increased its holdings in UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after purchasing an additional 759 shares during the period. Quarry LP grew its holdings in UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares during the period. Finally, True Wealth Design LLC boosted its position in shares of UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock worth $56,000 after purchasing an additional 4,342 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the 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 sale, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

UiPath Stock Down 0.1 %

PATH stock opened at $10.81 on Friday. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.64. The firm has a market cap of $5.94 billion, a PE ratio of -67.53 and a beta of 1.00. The business has a 50 day moving average of $13.10 and a 200 day moving average of $13.08.

Analysts Set New Price Targets

Several research firms have recently issued reports on PATH. Barclays reduced their target price on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday, March 13th. Evercore ISI cut their price objective on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a research report on Thursday, March 13th. Scotiabank decreased 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, Bank of America restated an “underperform” rating and set a $10.00 target price (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.62.

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.