SVB Wealth LLC Takes $385,000 Position in UiPath Inc. (NYSE:PATH)

SVB Wealth LLC acquired a new stake in UiPath Inc. (NYSE:PATH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 30,297 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James & Associates raised its holdings in shares of UiPath by 4.3% during the third quarter. Raymond James & Associates now owns 240,145 shares of the company's stock valued at $3,074,000 after acquiring an additional 9,814 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock valued at $52,000 after acquiring an additional 2,274 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of UiPath by 1,103.9% during the third quarter. International Assets Investment Management LLC now owns 91,072 shares of the company's stock valued at $1,166,000 after acquiring an additional 83,507 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of UiPath by 164.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 95,469 shares of the company's stock valued at $1,222,000 after acquiring an additional 59,435 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of UiPath by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 104,608 shares of the company's stock valued at $1,339,000 after acquiring an additional 15,698 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

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UiPath Trading Up 5.1 %

UiPath stock traded up $0.60 during midday trading on Friday, hitting $12.35. The stock had a trading volume of 16,477,654 shares, compared to its average volume of 9,344,873. The firm's fifty day moving average is $13.52 and its two-hundred day moving average is $13.18. The company has a market capitalization of $6.78 billion, a PE ratio of -77.16 and a beta of 1.00. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $25.47.

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of the 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 of the company's stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred 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 approximately $11,186,386.28. This trade 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 currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PATH. Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a report on Wednesday, January 15th. 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. JPMorgan Chase & Co. increased their price objective on UiPath from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. BMO Capital Markets increased their price objective on UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. Finally, Barclays dropped their price objective on UiPath from $16.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, UiPath presently has an average rating of "Hold" and an average price target of $17.44.

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.