Proficio Capital Partners LLC Makes New $307,000 Investment in UiPath Inc. (NYSE:PATH)

Proficio Capital Partners LLC acquired a new stake in UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 24,174 shares of the company's stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ontario Teachers Pension Plan Board boosted its position in UiPath by 136.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock worth $1,392,000 after acquiring an additional 62,650 shares during the last quarter. D.A. Davidson & CO. boosted its position in UiPath by 60.1% during the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company's stock worth $7,138,000 after acquiring an additional 209,300 shares during the last quarter. Stifel Financial Corp boosted its position in UiPath by 30.1% during the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company's stock worth $4,145,000 after acquiring an additional 74,959 shares during the last quarter. Senvest Management LLC boosted its position in UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock worth $139,449,000 after acquiring an additional 1,559,500 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in UiPath by 667.7% during the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock worth $1,302,000 after acquiring an additional 88,468 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated 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 directly owns 856,538 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. The trade was 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 currently owned by insiders.

UiPath Stock Up 8.8 %

Shares of PATH traded up $0.87 during trading hours on Friday, hitting $10.84. 26,728,329 shares of the company were exchanged, compared to its average volume of 9,493,366. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -67.78 and a beta of 1.00. UiPath Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $23.97. The firm's fifty day moving average is $13.36 and its 200 day moving average is $13.15.

Analysts Set New Price Targets

A number of research firms have weighed in on PATH. Scotiabank reduced their price target on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research report on Thursday. Royal Bank of Canada cut their price objective on UiPath from $16.00 to $13.00 and set a "sector perform" rating for the company in a report on Thursday. Morgan Stanley cut their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Thursday. Finally, BMO Capital Markets cut their price objective on UiPath from $16.00 to $11.50 and set a "market perform" rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.53.

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.