Diversified Trust Co Invests $715,000 in UiPath Inc. (NYSE:PATH)

Diversified Trust Co acquired a new position in shares of UiPath Inc. (NYSE:PATH) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 56,241 shares of the company’s stock, valued at approximately $715,000.

Other hedge funds have also bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of UiPath in the 3rd quarter worth about $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath during the third quarter worth approximately $26,000. Quarry LP increased its holdings in UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in UiPath in the second quarter valued at approximately $43,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after buying an additional 2,274 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PATH. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. UBS Group assumed coverage on shares of UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets upped their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company reduced their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.50.

UiPath Trading Up 1.7 %

PATH stock opened at $13.43 on Friday. The stock has a market cap of $7.38 billion, a P/E ratio of -83.94 and a beta of 0.96. The stock’s fifty day simple moving average is $13.55 and its two-hundred day simple moving average is $12.76. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This 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 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.