Steward Partners Investment Advisory LLC Has $74,000 Stake in UiPath Inc. (NYSE:PATH)

Steward Partners Investment Advisory LLC boosted its position in shares of UiPath Inc. (NYSE:PATH) by 99.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,807 shares of the company’s stock after buying an additional 2,900 shares during the period. Steward Partners Investment Advisory LLC’s holdings in UiPath were worth $74,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its stake in shares of UiPath by 136.0% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock valued at $1,392,000 after purchasing an additional 62,650 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of UiPath by 60.1% in the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock valued at $7,138,000 after purchasing an additional 209,300 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of UiPath by 30.1% in the 3rd quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock valued at $4,145,000 after purchasing an additional 74,959 shares in the last quarter. Senvest Management LLC boosted its stake in shares of UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after purchasing an additional 1,559,500 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of UiPath by 667.7% in the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock valued at $1,302,000 after purchasing an additional 88,468 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction 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 completion of the sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction 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 completion of the sale, the chief financial officer now directly 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 position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

UiPath Stock Down 0.8 %

NYSE:PATH opened at $10.80 on Tuesday. The company has a fifty day moving average of $13.30 and a 200-day moving average of $13.14. The firm has a market capitalization of $5.93 billion, a P/E ratio of -67.47 and a beta of 1.00. UiPath Inc. has a twelve month low of $9.50 and a twelve month high of $23.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of UiPath from $14.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. lifted their target price on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Canaccord Genuity Group cut their target price on shares of UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada cut their target price on shares of UiPath from $16.00 to $13.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Finally, Evercore ISI cut their target price on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.53.

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.