SoundView Advisors Inc. Invests $1.14 Million in UiPath Inc. (NYSE:PATH)

SoundView Advisors Inc. purchased a new position in UiPath Inc. (NYSE:PATH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 89,406 shares of the company’s stock, valued at approximately $1,136,000. UiPath makes up about 0.5% of SoundView Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in UiPath by 57.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,834 shares of the company’s stock valued at $1,625,000 after purchasing an additional 46,652 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of UiPath by 280.9% in the 4th quarter. AlphaQuest LLC now owns 105,722 shares of the company’s stock valued at $1,344,000 after buying an additional 77,966 shares during the period. Amundi grew its position in shares of UiPath by 32.1% during the 4th quarter. Amundi now owns 624,858 shares of the company’s stock valued at $8,392,000 after buying an additional 151,945 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of UiPath during the 4th quarter valued at about $298,000. Finally, Vestmark Advisory Solutions Inc. raised its stake in UiPath by 27.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 353,993 shares of the company’s stock worth $4,499,000 after acquiring an additional 76,647 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PATH. Needham & Company LLC restated a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. BMO Capital Markets boosted 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. Barclays dropped their target price on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, UiPath presently has an average rating of “Hold” and an average price target of $17.44.

Insider Buying and Selling 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 shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashim Gupta sold 47,227 shares of the 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 directly owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

UiPath Price Performance

NYSE PATH opened at $12.16 on Tuesday. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47. The firm has a market capitalization of $6.68 billion, a PE ratio of -75.97 and a beta of 1.00. The company’s 50 day simple moving average is $13.50 and its 200 day simple moving average is $13.20.

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.