Stanley Laman Group Ltd. Sells 54,666 Shares of UiPath Inc. (NYSE:PATH)

Stanley Laman Group Ltd. trimmed its position in UiPath Inc. (NYSE:PATH - Free Report) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347,989 shares of the company's stock after selling 54,666 shares during the period. Stanley Laman Group Ltd. owned about 0.06% of UiPath worth $4,423,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PATH. JTC Employer Solutions Trustee Ltd purchased a new stake in UiPath in the 3rd quarter worth approximately $26,000. Quarry LP boosted its position in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company's stock worth $40,000 after purchasing an additional 2,729 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock worth $52,000 after purchasing an additional 2,274 shares in the last quarter. True Wealth Design LLC raised its position in shares of UiPath by 21,710.0% during 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 during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of UiPath during the 3rd quarter valued at $65,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, the chief accounting officer now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the business's stock in a transaction on Friday, January 3rd. The shares were 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 $11,186,386.28. This represents a 5.23 % 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.

UiPath Stock Performance

PATH stock traded down $0.20 during mid-day trading on Monday, reaching $14.94. 7,489,117 shares of the stock traded hands, compared to its average volume of 8,161,771. The business has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $13.04. The stock has a market capitalization of $8.21 billion, a PE ratio of -93.36 and a beta of 0.98. UiPath Inc. has a one year low of $10.37 and a one year high of $26.56.

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.