Summit Trail Advisors LLC Sells 194,549 Shares of UiPath Inc. (NYSE:PATH)

Summit Trail Advisors LLC decreased its stake in shares of UiPath Inc. (NYSE:PATH) by 50.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,311 shares of the company’s stock after selling 194,549 shares during the period. Summit Trail Advisors LLC’s holdings in UiPath were worth $2,419,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PATH. JTC Employer Solutions Trustee Ltd bought a new stake in shares of UiPath during the third quarter worth $26,000. Quarry LP increased its position in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after acquiring an additional 2,274 shares in the last quarter. True Wealth Design LLC increased its position in shares of UiPath by 21,710.0% during the third 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in UiPath in the third quarter valued at $65,000. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

NYSE PATH opened at $14.22 on Tuesday. The firm has a 50-day moving average of $13.75 and a 200-day moving average of $12.98. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $27.87.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction dated 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 sale, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price for the company. Barclays decreased their target price on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research report on Friday, December 6th. BMO Capital Markets raised their target price on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company decreased their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.44.

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.