UiPath Inc. (NYSE:PATH) Position Increased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in UiPath Inc. (NYSE:PATH) by 409.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,743 shares of the company’s stock after purchasing an additional 10,241 shares during the period. Jones Financial Companies Lllp’s holdings in UiPath were worth $162,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PATH. Janney Montgomery Scott LLC lifted its holdings in shares of UiPath by 17.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 104,608 shares of the company’s stock worth $1,339,000 after purchasing an additional 15,698 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of UiPath by 7.1% in the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after purchasing an additional 1,811 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of UiPath by 10.5% in the 3rd quarter. Principal Financial Group Inc. now owns 36,685 shares of the company’s stock worth $470,000 after purchasing an additional 3,477 shares during the last quarter. Versor Investments LP bought a new stake in shares of UiPath in the 3rd quarter worth approximately $266,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of UiPath by 6.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after purchasing an additional 1,654 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

PATH has been the topic of several analyst reports. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research report on Thursday. Barclays lowered their target price on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday. Bank of America restated an “underperform” rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a research report on Thursday. Mizuho lowered their target price on UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.53.

UiPath Stock Performance

Shares of PATH stock opened at $10.84 on Friday. The stock has a market cap of $5.96 billion, a PE ratio of -67.78 and a beta of 1.00. The business’s fifty day moving average is $13.36 and its 200-day moving average is $13.15. UiPath Inc. has a 1 year low of $9.50 and a 1 year high of $23.97.

Insider Buying and Selling

In related news, 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 transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. The trade was a 8.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 47,227 shares of UiPath 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 completion of the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. The trade was 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.

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.