UiPath Inc. (NYSE:PATH) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its holdings in UiPath Inc. (NYSE:PATH) by 4.0% in the fourth quarter, Holdings Channel reports. The fund owned 485,354 shares of the company’s stock after buying an additional 18,493 shares during the period. UiPath accounts for approximately 1.0% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest holding. 180 Wealth Advisors LLC’s holdings in UiPath were worth $6,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of PATH. Cowa LLC raised its stake in UiPath by 4.4% during the third quarter. Cowa LLC now owns 26,681 shares of the company’s stock worth $342,000 after purchasing an additional 1,118 shares during the period. Nations Financial Group Inc. IA ADV lifted 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 acquiring an additional 1,654 shares in the last quarter. Amalgamated Bank boosted its holdings in UiPath by 7.1% during the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company’s stock valued at $350,000 after acquiring an additional 1,811 shares during the period. Thrivent Financial for Lutherans grew its position in UiPath by 10.6% in the 3rd 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, Future Financial Wealth Managment LLC purchased a new stake in UiPath during the third quarter worth about $26,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Trading Down 0.9 %

Shares of PATH opened at $12.85 on Tuesday. The company’s 50 day simple moving average is $13.57 and its 200-day simple moving average is $12.77. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The firm has a market cap of $7.06 billion, a PE ratio of -80.31 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price objective on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company cut their target price 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, Barclays lowered their price target on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, UiPath has a consensus rating of “Hold” and a consensus target price of $17.44.

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 25,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were 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 in the company, valued at $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were 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 owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. The trade was 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.

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.