Savant Capital LLC Buys 187,161 Shares of UiPath Inc. (NYSE:PATH)

Savant Capital LLC increased its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 483.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,906 shares of the company's stock after purchasing an additional 187,161 shares during the quarter. Savant Capital LLC's holdings in UiPath were worth $2,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PATH. Lecap Asset Management Ltd. lifted its holdings in shares of UiPath by 69.7% in the fourth quarter. Lecap Asset Management Ltd. now owns 116,289 shares of the company's stock worth $1,478,000 after acquiring an additional 47,772 shares during the last quarter. Bank Hapoalim BM lifted its holdings in shares of UiPath by 14.6% in the fourth quarter. Bank Hapoalim BM now owns 84,659 shares of the company's stock worth $1,076,000 after acquiring an additional 10,760 shares during the last quarter. SYM FINANCIAL Corp bought a new position in shares of UiPath in the fourth quarter worth about $171,000. Chicago Partners Investment Group LLC bought a new position in shares of UiPath in the fourth quarter worth about $213,000. Finally, Strategic Advocates LLC lifted its holdings in shares of UiPath by 34.9% in the fourth quarter. Strategic Advocates LLC now owns 106,833 shares of the company's stock worth $1,358,000 after acquiring an additional 27,612 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

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Analyst Upgrades and Downgrades

PATH has been the subject of a number of research reports. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. BMO Capital Markets raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $16.00 price objective on shares of UiPath in a report on Friday, December 6th. Finally, Morgan Stanley raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.44.

UiPath Stock Down 1.3 %

PATH traded down $0.20 during trading on Friday, hitting $14.94. 7,489,117 shares of the company's stock were exchanged, compared to its average volume of 8,161,771. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $26.56. The stock has a market cap of $8.21 billion, a P/E ratio of -93.36 and a beta of 0.98. The business's 50 day moving average is $13.73 and its two-hundred day moving average is $13.03.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated 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 owns 269,421 shares of the company's stock, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

UiPath Company 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.