23,547 Shares in UiPath Inc. (NYSE:PATH) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of UiPath Inc. (NYSE:PATH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,547 shares of the company’s stock, valued at approximately $299,000.

A number of other hedge funds have also modified their holdings of PATH. Smartleaf Asset Management LLC boosted its position in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after purchasing an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. boosted 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 valued at $32,000 after purchasing an additional 804 shares during the last quarter. V Square Quantitative Management LLC boosted its position in UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after purchasing an additional 759 shares during the last quarter. Quarry LP boosted its position in UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in UiPath by 21,710.0% during the third quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after purchasing an additional 4,342 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on 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 in the company, 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 is accessible through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of UiPath 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 completion of the transaction, the chief financial officer now owns 856,538 shares in the company, 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. Corporate insiders own 22.37% of the company’s stock.

UiPath Price Performance

UiPath stock opened at $12.07 on Thursday. The stock’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $13.19. UiPath Inc. has a one year low of $10.37 and a one year high of $25.47. The firm has a market cap of $6.63 billion, a PE ratio of -75.41 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. UBS Group assumed coverage on UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Finally, Morgan Stanley raised their price objective on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.