Raymond James Financial Inc. Takes Position in UiPath Inc. (NYSE:PATH)

Raymond James Financial Inc. bought a new position in shares of UiPath Inc. (NYSE:PATH) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 433,165 shares of the company’s stock, valued at approximately $5,506,000. Raymond James Financial Inc. owned approximately 0.08% of UiPath at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PATH. Proficio Capital Partners LLC acquired a new stake in UiPath during the 4th quarter worth approximately $307,000. Steward Partners Investment Advisory LLC raised its stake in shares of UiPath by 99.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company’s stock valued at $74,000 after acquiring an additional 2,900 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of UiPath in the fourth quarter valued at $299,000. Jones Financial Companies Lllp boosted its holdings in UiPath by 409.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company’s stock valued at $162,000 after purchasing an additional 10,241 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after purchasing an additional 1,152 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was 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. The trade was a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % 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 Stock Up 3.6 %

PATH opened at $11.20 on Tuesday. UiPath Inc. has a 52 week low of $9.50 and a 52 week high of $23.35. The business’s 50 day moving average is $13.07 and its two-hundred day moving average is $13.07. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of -69.97 and a beta of 1.00.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Bank of America reaffirmed an “underperform” rating and issued a $10.00 target price (down previously from $18.00) on shares of UiPath in a report on Thursday, March 13th. Evercore ISI lowered their price target on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a report on Thursday, March 13th. Morgan Stanley reduced their price objective on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, 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 research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.62.

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.