433,165 Shares in UiPath Inc. (NYSE:PATH) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in UiPath Inc. (NYSE:PATH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 433,165 shares of the company's stock, valued at approximately $5,506,000. Raymond James Financial Inc. owned approximately 0.08% of UiPath at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of UiPath in the 4th quarter valued at about $307,000. Steward Partners Investment Advisory LLC increased its holdings in UiPath by 99.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock valued at $74,000 after buying an additional 2,900 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in UiPath during the fourth quarter valued at approximately $299,000. Jones Financial Companies Lllp lifted its holdings in UiPath by 409.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company's stock worth $162,000 after buying an additional 10,241 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after acquiring an additional 1,152 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Down 3.2 %

PATH stock traded down $0.35 during trading on Thursday, hitting $10.87. The company had a trading volume of 7,997,755 shares, compared to its average volume of 9,599,474. The company has a fifty day moving average price of $12.94 and a two-hundred day moving average price of $13.04. UiPath Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $23.04. The company has a market cap of $5.97 billion, a P/E ratio of -67.91 and a beta of 1.00.

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Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the firm's stock in a transaction on 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 269,421 shares of the company's stock, valued at $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. Corporate insiders own 22.37% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley lowered their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $13.00 target price on shares of UiPath in a report on Wednesday. Mizuho reduced their price objective on shares of UiPath from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Scotiabank cut their target price on UiPath from $15.00 to $12.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $13.62.

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.