Avanza Fonder AB purchased a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 64,213 shares of the company's stock, valued at approximately $816,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cowa LLC raised its stake 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 buying an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of UiPath by 6.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company's stock worth $334,000 after acquiring an additional 1,654 shares in the last quarter. Amalgamated Bank lifted its stake in shares of UiPath by 7.1% during the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company's stock worth $350,000 after purchasing an additional 1,811 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in UiPath by 10.6% during the third quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company's stock valued at $267,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in UiPath in the third quarter valued at about $26,000. 62.50% of the stock is currently owned by institutional investors.
Insider Activity at UiPath
In related news, CAO Hitesh Ramani sold 25,000 shares of the business's 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 sale, the chief accounting officer now owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.
UiPath Stock Down 2.4 %
Shares of NYSE PATH traded down $0.33 during midday trading on Monday, reaching $13.02. 6,101,422 shares of the stock were exchanged, compared to its average volume of 6,832,750. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of -81.40 and a beta of 0.96. The firm has a 50-day simple moving average of $13.59 and a two-hundred day simple moving average of $12.78. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87.
Analyst Upgrades and Downgrades
PATH has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. JPMorgan Chase & Co. upped their price target on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Finally, UBS Group assumed coverage on UiPath in a research report on Thursday, December 12th. They set a "sell" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.44.
View Our Latest Research Report on PATH
About UiPath
(
Free Report)
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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