PNC Financial Services Group Inc. Has $162,000 Stock Position in UiPath Inc. (NYSE:PATH)

PNC Financial Services Group Inc. lessened its holdings in shares of UiPath Inc. (NYSE:PATH) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,717 shares of the company’s stock after selling 1,529 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UiPath were worth $162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in shares of UiPath by 88.5% during the fourth 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 during the period. First Horizon Advisors Inc. raised its holdings in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 shares during the period. V Square Quantitative Management LLC raised its holdings in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after buying an additional 759 shares during the period. Quarry LP lifted its stake in UiPath by 654.4% in the third 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. Finally, True Wealth Design LLC boosted its holdings in shares of UiPath by 21,710.0% in the third quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after buying an additional 4,342 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Insider Activity at UiPath

In related news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, 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. The trade was a 8.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were 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 position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on PATH. Scotiabank cut their price objective 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. JPMorgan Chase & Co. boosted their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley reduced their price objective on UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Canaccord Genuity Group dropped their target price on UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, Bank of America reaffirmed an “underperform” rating and set a $10.00 price target (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.62.

UiPath Price Performance

Shares of PATH opened at $10.81 on Monday. The company has a market cap of $5.94 billion, a PE ratio of -67.53 and a beta of 1.00. The firm has a 50-day moving average of $13.10 and a 200-day moving average of $13.08. UiPath Inc. has a one year low of $9.50 and a one year high of $23.35.

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.