Commonwealth Equity Services LLC Has $1.30 Million Holdings in UiPath Inc. (NYSE:PATH)

Commonwealth Equity Services LLC trimmed its holdings in UiPath Inc. (NYSE:PATH) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,950 shares of the company’s stock after selling 4,408 shares during the period. Commonwealth Equity Services LLC’s holdings in UiPath were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PATH. Smartleaf Asset Management LLC lifted its position in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after acquiring an additional 1,152 shares during the period. First Horizon Advisors Inc. lifted its position in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after purchasing an additional 804 shares during the period. EverSource Wealth Advisors LLC grew its stake in UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock worth $38,000 after buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares during the period. Finally, Quarry LP raised its position in shares of 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 buying an additional 2,729 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Scotiabank reduced their price target on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Wednesday, March 26th. Royal Bank of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of UiPath in a research report on Wednesday, March 26th. Morgan Stanley decreased their target price on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Finally, Mizuho dropped their target price on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.62.

UiPath Stock Down 1.7 %

Shares of NYSE:PATH opened at $10.69 on Monday. The firm has a market cap of $5.87 billion, a P/E ratio of -66.78 and a beta of 1.00. UiPath Inc. has a 12-month low of $9.50 and a 12-month high of $22.83. The business has a fifty day simple moving average of $12.89 and a 200 day simple moving average of $13.04.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated Friday, January 3rd. The stock was 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 in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of 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 trade represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate 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.