Farther Finance Advisors LLC Sells 1,405 Shares of UiPath Inc. (NYSE:PATH)

Farther Finance Advisors LLC lessened its holdings in shares of UiPath Inc. (NYSE:PATH) by 30.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,215 shares of the company’s stock after selling 1,405 shares during the period. Farther Finance Advisors LLC’s holdings in UiPath were worth $41,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after acquiring an additional 1,742 shares during the period. SoundView Advisors Inc. acquired a new stake in shares of UiPath during the fourth quarter worth about $1,136,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UiPath by 57.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,834 shares of the company’s stock worth $1,625,000 after buying an additional 46,652 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of UiPath by 280.9% during the fourth quarter. AlphaQuest LLC now owns 105,722 shares of the company’s stock worth $1,344,000 after buying an additional 77,966 shares in the last quarter. Finally, Amundi grew its holdings in shares of UiPath by 32.1% during the fourth quarter. Amundi now owns 624,858 shares of the company’s stock worth $8,392,000 after buying an additional 151,945 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PATH. Scotiabank decreased their price target on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Bank of America reissued an “underperform” rating and set a $10.00 price target (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. JPMorgan Chase & Co. lifted their price objective on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Evercore ISI dropped their price objective on UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company decreased their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Two 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.com, UiPath currently has a consensus rating of “Hold” and an average target price of $13.62.

UiPath Price Performance

Shares of NYSE:PATH opened at $10.81 on Monday. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of -67.53 and a beta of 1.00. The business’s 50-day moving average is $13.10 and its 200-day moving average is $13.08. UiPath Inc. has a 1 year low of $9.50 and a 1 year high of $23.35.

Insider Activity

In related news, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This 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 owned by company insiders.

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.