UiPath Inc. (NYSE:PATH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in shares of UiPath Inc. (NYSE:PATH) by 77.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,231 shares of the company’s stock after selling 81,377 shares during the quarter. Janney Montgomery Scott LLC’s holdings in UiPath were worth $295,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cowa LLC raised its stake in shares of UiPath by 4.4% during the third quarter. Cowa LLC now owns 26,681 shares of the company’s stock valued at $342,000 after purchasing an additional 1,118 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in UiPath by 6.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company’s stock worth $334,000 after buying an additional 1,654 shares during the period. Amalgamated Bank lifted its holdings in UiPath by 7.1% in the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock worth $350,000 after buying an additional 1,811 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of UiPath by 10.6% during the third quarter. Thrivent Financial for Lutherans now owns 20,881 shares of the company’s stock valued at $267,000 after acquiring an additional 1,995 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in shares of UiPath during the third quarter valued at about $26,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PATH. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a report on Friday, December 6th. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Barclays dropped their price target on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Wells Fargo & Company reduced their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, UiPath has an average rating of “Hold” and a consensus target price of $17.44.

UiPath Stock Performance

Shares of PATH stock opened at $13.96 on Wednesday. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The business’s fifty day moving average is $13.74 and its 200-day moving average is $12.99. The stock has a market cap of $7.67 billion, a PE ratio of -87.25 and a beta of 0.98.

Insider Buying and Selling

In related news, 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

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.