Entropy Technologies LP Sells 12,579 Shares of UiPath Inc. (NYSE:PATH)

Entropy Technologies LP lowered its stake in UiPath Inc. (NYSE:PATH) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,999 shares of the company’s stock after selling 12,579 shares during the quarter. Entropy Technologies LP’s holdings in UiPath were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Senvest Management LLC lifted its position in shares of UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after acquiring an additional 1,559,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after purchasing an additional 493,502 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in UiPath by 554.8% in 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 period. Charles Schwab Investment Management Inc. grew its holdings in UiPath by 11.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock valued at $36,997,000 after buying an additional 291,171 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of UiPath during the third quarter valued at approximately $19,071,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PATH has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research report on Friday, December 6th. UBS Group began coverage on UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus target price of $17.44.

UiPath Price Performance

Shares of NYSE PATH opened at $13.96 on Monday. The company has a market cap of $7.67 billion, a P/E ratio of -87.22 and a beta of 0.98. The firm has a 50-day simple moving average of $13.76 and a two-hundred day simple moving average of $12.96. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87.

Insider Buying and Selling

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction dated 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 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 firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly 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 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.