Strategic Advocates LLC Purchases 27,612 Shares of UiPath Inc. (NYSE:PATH)

Strategic Advocates LLC boosted its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 34.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,833 shares of the company's stock after buying an additional 27,612 shares during the quarter. Strategic Advocates LLC's holdings in UiPath were worth $1,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cowa LLC increased its stake in shares of UiPath by 4.4% in the third quarter. Cowa LLC now owns 26,681 shares of the company's stock valued at $342,000 after buying an additional 1,118 shares during the period. Nations Financial Group Inc. IA ADV increased its position in UiPath by 6.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company's stock valued at $334,000 after acquiring an additional 1,654 shares during the period. Amalgamated Bank raised its stake in shares of UiPath by 7.1% during the third quarter. Amalgamated Bank now owns 27,312 shares of the company's stock valued at $350,000 after acquiring an additional 1,811 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of UiPath by 10.6% during the third quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company's stock worth $267,000 after purchasing an additional 1,995 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in UiPath in the third quarter valued at $26,000. Institutional investors own 62.50% of the company's stock.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares of the company's stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath 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. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.37% of the company's stock.

Wall Street Analyst Weigh In

PATH has been the topic of several recent research reports. Wells Fargo & Company cut their target price on UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on UiPath from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, December 6th. UBS Group assumed coverage on shares of UiPath in a report on Thursday, December 12th. They set a "sell" rating and a $14.00 price target for the company. Morgan Stanley upped their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. One equities 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 data from MarketBeat.com, UiPath has a consensus rating of "Hold" and an average price target of $17.44.

UiPath Trading Up 1.7 %

NYSE PATH traded up $0.24 during trading hours on Tuesday, hitting $14.45. The company's stock had a trading volume of 5,805,730 shares, compared to its average volume of 8,887,814. The company has a market capitalization of $7.94 billion, a PE ratio of -90.30 and a beta of 0.98. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87. The company's 50-day simple moving average is $13.74 and its two-hundred day simple moving average is $12.90.

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.