Poinciana Advisors Group LLC acquired a new position in shares of UiPath Inc. (NYSE:PATH – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,123 shares of the company’s stock, valued at approximately $205,000.
Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after buying an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after buying an additional 759 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on PATH shares. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Bank of America reaffirmed an “underperform” rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a report on Thursday. BMO Capital Markets dropped their target price on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a report on Friday. Finally, UBS Group dropped their target price on shares of UiPath from $14.00 to $10.00 and set a “sell” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.53.
Insiders Place Their Bets
In related news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred 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 owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company’s stock.
UiPath Stock Up 8.8 %
Shares of NYSE:PATH opened at $10.84 on Friday. The company’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.15. UiPath Inc. has a 12-month low of $9.50 and a 12-month high of $23.97. The firm has a market cap of $5.96 billion, a PE ratio of -67.78 and a beta of 1.00.
About UiPath
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.
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