Wellington Management Group LLP Purchases 37,062 Shares of UiPath Inc. (NYSE:PATH)

Wellington Management Group LLP boosted its position in shares of UiPath Inc. (NYSE:PATH) by 59.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,930 shares of the healthcare company’s stock after acquiring an additional 37,062 shares during the period. Wellington Management Group LLP’s holdings in UiPath were worth $1,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PATH. Tyler Stone Wealth Management bought a new stake in shares of UiPath during the second quarter valued at approximately $28,000. Fifth Third Bancorp raised its position in shares of UiPath by 2,005.3% during the third quarter. Fifth Third Bancorp now owns 2,000 shares of the healthcare company’s stock valued at $34,000 after buying an additional 1,905 shares during the last quarter. Quarry LP bought a new stake in shares of UiPath during the first quarter valued at approximately $36,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of UiPath during the third quarter valued at approximately $41,000. Finally, UniSuper Management Pty Ltd bought a new stake in shares of UiPath during the second quarter valued at approximately $43,000. Institutional investors own 62.50% of the company’s stock.

Insider Activity

In other news, CFO Ashim Gupta sold 125,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $22.59, for a total transaction of $2,823,750.00. Following the completion of the sale, the chief financial officer now directly owns 858,148 shares of the company’s stock, valued at $19,385,563.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Ashim Gupta sold 125,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $22.59, for a total transaction of $2,823,750.00. Following the completion of the sale, the chief financial officer now directly owns 858,148 shares of the company’s stock, valued at $19,385,563.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rich Wong sold 200,000 shares of UiPath stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $23.12, for a total value of $4,624,000.00. Following the completion of the sale, the director now owns 429,418 shares of the company’s stock, valued at $9,928,144.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 427,000 shares of company stock valued at $9,784,110. 31.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PATH. Barclays lifted their price objective on shares of UiPath from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Scotiabank raised their target price on shares of UiPath from $29.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, March 14th. Morgan Stanley raised their target price on shares of UiPath from $17.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of UiPath in a report on Wednesday, March 20th. Finally, Canaccord Genuity Group raised their target price on shares of UiPath from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 15th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, UiPath currently has a consensus rating of “Hold” and an average target price of $27.44.

UiPath Trading Down 0.5 %

Shares of PATH opened at $22.67 on Friday. The firm has a market capitalization of $12.83 billion, a P/E ratio of -133.32 and a beta of 0.97. UiPath Inc. has a 12-month low of $12.38 and a 12-month high of $27.87. The firm has a fifty day moving average price of $23.65 and a 200-day moving average price of $21.04.

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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.