Vontobel Holding Ltd. Decreases Position in UiPath Inc. (NYSE:PATH)

Vontobel Holding Ltd. decreased its holdings in UiPath Inc. (NYSE:PATH) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,973 shares of the company’s stock after selling 13,350 shares during the period. Vontobel Holding Ltd.’s holdings in UiPath were worth $1,372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP increased its holdings in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after purchasing an additional 2,274 shares during the last quarter. True Wealth Design LLC increased its holdings in 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 during the last quarter. Capital Performance Advisors LLP acquired a new stake in UiPath in the 3rd quarter valued at approximately $65,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in UiPath in the 3rd quarter valued at approximately $136,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Down 1.3 %

UiPath stock opened at $14.94 on Tuesday. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $26.56. The firm has a fifty day moving average of $13.72 and a 200-day moving average of $13.06. The firm has a market capitalization of $8.21 billion, a P/E ratio of -93.36 and a beta of 0.98.

Insider Transactions at UiPath

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on PATH shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a report on Friday, December 6th. Barclays cut their price target on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Morgan Stanley boosted their price target on shares of UiPath from $15.00 to $16.00 and gave the stock 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 issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, UiPath presently has a consensus rating of “Hold” and a consensus target price of $17.44.

About UiPath

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.