Jackson Creek Investment Advisors LLC Makes New Investment in UiPath Inc. (NYSE:PATH)

Jackson Creek Investment Advisors LLC purchased a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 23,442 shares of the company's stock, valued at approximately $298,000.

A number of other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares during the period. First Horizon Advisors Inc. grew its holdings in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares during the period. V Square Quantitative Management LLC grew its stake in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after buying an additional 759 shares during the period. Quarry LP grew its stake 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 buying an additional 2,729 shares during the period. Finally, True Wealth Design LLC grew its stake in shares of UiPath by 21,710.0% in the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company's stock valued at $56,000 after buying an additional 4,342 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares of the company's stock, valued at $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm's 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 completion of the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

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UiPath Trading Down 3.0 %

Shares of PATH traded down $0.37 during mid-day trading on Tuesday, reaching $11.75. 15,297,382 shares of the stock traded hands, compared to its average volume of 9,396,978. The company has a market cap of $6.46 billion, a price-to-earnings ratio of -73.41 and a beta of 1.00. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $25.47. The firm has a fifty day moving average price of $13.48 and a 200 day moving average price of $13.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PATH shares. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Wednesday, January 15th. Morgan Stanley upped their target price on shares of UiPath from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Barclays reduced 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. Finally, UBS Group initiated coverage on UiPath in a report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price for the company. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.44.

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.