23,547 Shares in UiPath Inc. (NYSE:PATH) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,547 shares of the company's stock, valued at approximately $299,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PATH. Janney Montgomery Scott LLC boosted its holdings in UiPath by 17.7% in the third quarter. Janney Montgomery Scott LLC now owns 104,608 shares of the company's stock worth $1,339,000 after acquiring an additional 15,698 shares in the last quarter. Amalgamated Bank boosted its holdings in UiPath by 7.1% in the third quarter. Amalgamated Bank now owns 27,312 shares of the company's stock worth $350,000 after acquiring an additional 1,811 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in UiPath by 10.5% in the third quarter. Principal Financial Group Inc. now owns 36,685 shares of the company's stock worth $470,000 after acquiring an additional 3,477 shares in the last quarter. Capital Performance Advisors LLP bought a new position in UiPath in the third quarter worth approximately $65,000. Finally, Cowa LLC boosted its holdings in UiPath by 4.4% in the third quarter. Cowa LLC now owns 26,681 shares of the company's stock worth $342,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PATH. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. BMO Capital Markets increased their price objective on UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note 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 note on Friday, January 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.44.

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Insiders Place Their Bets

In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the transaction, the chief financial officer now directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares of the company's stock, 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. Company insiders own 22.37% of the company's stock.

UiPath Stock Performance

NYSE:PATH traded up $0.60 during trading hours on Friday, reaching $12.35. The stock had a trading volume of 16,477,654 shares, compared to its average volume of 9,343,864. The stock has a 50 day simple moving average of $13.51 and a 200 day simple moving average of $13.19. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $25.47. The stock has a market cap of $6.78 billion, a P/E ratio of -77.16 and a beta of 1.00.

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.