Poinciana Advisors Group LLC Invests $205,000 in UiPath Inc. (NYSE:PATH)

Poinciana Advisors Group LLC acquired a new position in shares of UiPath Inc. (NYSE:PATH) 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.