22,077 Shares in UiPath Inc. (NYSE:PATH) Purchased by GenTrust LLC

GenTrust LLC bought a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,077 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning grew its holdings in UiPath by 21.0% during the 3rd quarter. Creative Planning now owns 59,019 shares of the company's stock valued at $744,000 after buying an additional 10,258 shares in the last quarter. Raymond James & Associates grew its holdings in UiPath by 4.3% during the 3rd quarter. Raymond James & Associates now owns 240,145 shares of the company's stock valued at $3,074,000 after buying an additional 9,814 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock valued at $52,000 after buying an additional 2,274 shares in the last quarter. International Assets Investment Management LLC grew its holdings in UiPath by 1,103.9% during the 3rd quarter. International Assets Investment Management LLC now owns 91,072 shares of the company's stock valued at $1,166,000 after buying an additional 83,507 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in UiPath by 164.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 95,469 shares of the company's stock valued at $1,222,000 after buying an additional 59,435 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PATH shares. UBS Group started coverage on UiPath in a report on Thursday, December 12th. They set a "sell" rating and a $14.00 price target for the company. Barclays dropped their target price on UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, January 10th. Morgan Stanley lifted their target price on UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their target price on UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.44.

UiPath Stock Performance

NYSE PATH traded down $0.01 on Friday, reaching $12.30. 8,227,848 shares of the stock traded hands, compared to its average volume of 8,527,637. The company has a fifty day moving average price of $13.63 and a 200-day moving average price of $13.19. The company has a market cap of $6.76 billion, a price-to-earnings ratio of -76.84 and a beta of 0.98. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 25,000 shares of the business's stock in a transaction on Friday, January 3rd. The stock was 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 directly 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 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 business's 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 of the company's stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently 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.