SoundView Advisors Inc. Takes $1.14 Million Position in UiPath Inc. (NYSE:PATH)

SoundView Advisors 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 89,406 shares of the company's stock, valued at approximately $1,136,000. UiPath comprises approximately 0.5% of SoundView Advisors Inc.'s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after acquiring an additional 759 shares in the last quarter. Quarry LP grew its position in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company's stock valued at $40,000 after acquiring an additional 2,729 shares during the period. Finally, True Wealth Design LLC increased 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 purchasing an additional 4,342 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have commented on PATH. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. Barclays cut their price target on shares of UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a report on Friday, January 10th. BMO Capital Markets lifted their target price on shares of UiPath from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. UBS Group began coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a "sell" rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $17.44.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The transaction 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 business'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 trade 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 currently owned by company insiders.

UiPath Stock Down 3.0 %

NYSE:PATH traded down $0.37 on Tuesday, hitting $11.75. The stock had a trading volume of 15,297,382 shares, compared to its average volume of 9,396,978. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of -73.41 and a beta of 1.00. The company has a fifty day moving average price of $13.48 and a two-hundred day moving average price of $13.19. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $25.47.

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.