Jackson Creek Investment Advisors LLC Makes New $298,000 Investment in UiPath Inc. (NYSE:PATH)

Jackson Creek Investment Advisors LLC purchased a new position in UiPath Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,442 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after acquiring an additional 1,152 shares during the period. First Horizon Advisors Inc. boosted its holdings in UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after acquiring an additional 804 shares during the period. V Square Quantitative Management LLC boosted its holdings in UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after acquiring an additional 759 shares during the period. Quarry LP boosted its holdings in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares during the period. Finally, True Wealth Design LLC boosted its holdings in UiPath by 21,710.0% in the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock worth $56,000 after acquiring an additional 4,342 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PATH. Royal Bank of Canada reiterated a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. UBS Group began coverage on UiPath in a research note on Thursday, December 12th. They set a “sell” rating and a $14.00 target price for the company. Barclays reduced their target price on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Finally, 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. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.44.

UiPath Price Performance

Shares of NYSE PATH opened at $12.35 on Friday. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $25.47. The business’s fifty day moving average price is $13.51 and its two-hundred day moving average price is $13.19. The firm has a market capitalization of $6.78 billion, a PE ratio of -77.16 and a beta of 1.00.

Insiders Place Their Bets

In other news, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade 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.

About UiPath

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.