Perigon Wealth Management LLC Takes Position in UiPath Inc. (NYSE:PATH)

Perigon Wealth Management LLC purchased a new stake in UiPath Inc. (NYSE:PATH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,833 shares of the company’s stock, valued at approximately $145,000.

A number of other large investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its stake in UiPath by 698.1% during the 4th quarter. Pacer Advisors Inc. now owns 289,471 shares of the company’s stock worth $3,679,000 after purchasing an additional 253,203 shares in the last quarter. Archford Capital Strategies LLC increased its stake in UiPath by 112.0% during the 4th quarter. Archford Capital Strategies LLC now owns 58,624 shares of the company’s stock worth $745,000 after purchasing an additional 30,973 shares in the last quarter. Juncture Wealth Strategies LLC bought a new stake in UiPath during the 4th quarter worth approximately $137,000. SG Americas Securities LLC increased its stake in UiPath by 76.0% during the 4th quarter. SG Americas Securities LLC now owns 236,887 shares of the company’s stock worth $3,011,000 after purchasing an additional 102,258 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in UiPath by 183.0% during the 4th quarter. Merit Financial Group LLC now owns 49,105 shares of the company’s stock worth $624,000 after purchasing an additional 31,755 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred 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 sale, the chief accounting officer now owns 269,421 shares in the company, valued at $3,515,944.05. This 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.

UiPath Trading Down 0.0 %

Shares of NYSE PATH opened at $14.22 on Tuesday. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of -88.86 and a beta of 0.98. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87. The stock’s 50-day moving average is $13.74 and its 200 day moving average is $12.90.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PATH. JPMorgan Chase & Co. upped their price target on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley upped their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their price target on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Barclays reduced their price target on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus price target of $17.44.

UiPath Company 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.