Strategic Advocates LLC Has $1.36 Million Position in UiPath Inc. (NYSE:PATH)

Strategic Advocates LLC grew its holdings in UiPath Inc. (NYSE:PATH) by 34.9% during the fourth quarter, Holdings Channel reports. The firm owned 106,833 shares of the company’s stock after acquiring 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 quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new position in shares of UiPath during the 3rd quarter worth about $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath in the third quarter valued at approximately $26,000. Quarry LP increased its holdings in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after acquiring an additional 2,729 shares in the last quarter. Allspring Global Investments Holdings LLC lifted 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 valued at $52,000 after buying an additional 2,274 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of UiPath by 21,710.0% during the third quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after buying an additional 4,342 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Up 1.2 %

NYSE PATH opened at $14.57 on Friday. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87. The firm’s 50-day simple moving average is $13.75 and its two-hundred day simple moving average is $12.87.

Insider Activity

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 value of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the 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 owns 856,538 shares in the company, valued at $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. Insiders own 22.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PATH. Morgan Stanley boosted their price objective on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. BMO Capital Markets increased their price target on 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 price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Barclays lowered their target price 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price target on shares of UiPath in a report on Friday, December 6th. One 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’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.