Nordea Investment Management AB Has $3.61 Million Holdings in UiPath Inc. (NYSE:PATH)

Nordea Investment Management AB trimmed its holdings in shares of UiPath Inc. (NYSE:PATH) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,373 shares of the company’s stock after selling 12,707 shares during the period. Nordea Investment Management AB’s holdings in UiPath were worth $3,609,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PATH. Commonwealth Equity Services LLC increased its stake in shares of UiPath by 5.6% in the second quarter. Commonwealth Equity Services LLC now owns 107,468 shares of the company’s stock valued at $1,363,000 after buying an additional 5,742 shares in the last quarter. Rhumbline Advisers raised its stake in shares of UiPath by 2.6% in the second quarter. Rhumbline Advisers now owns 511,011 shares of the company’s stock worth $6,480,000 after acquiring an additional 12,836 shares during the last quarter. TD Asset Management Inc lifted its position in shares of UiPath by 11.8% during the second quarter. TD Asset Management Inc now owns 32,200 shares of the company’s stock worth $408,000 after purchasing an additional 3,400 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of UiPath by 302.2% during the second quarter. Acadian Asset Management LLC now owns 183,801 shares of the company’s stock worth $2,328,000 after purchasing an additional 138,101 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in shares of UiPath by 7.7% during the second quarter. Royal London Asset Management Ltd. now owns 146,085 shares of the company’s stock valued at $1,852,000 after purchasing an additional 10,442 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

Shares of UiPath stock opened at $12.97 on Friday. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The company has a market capitalization of $7.13 billion, a P/E ratio of -81.06 and a beta of 0.96. The business has a 50-day moving average of $13.56 and a two-hundred day moving average of $12.76.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PATH. Wells Fargo & Company dropped their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Barclays lowered their price objective on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday. UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus price target of $17.44.

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.