Perigon Wealth Management LLC Invests $145,000 in UiPath Inc. (NYSE:PATH)

Perigon Wealth Management LLC bought a new position in UiPath Inc. (NYSE:PATH) during the 4th quarter, Holdings Channel reports. The fund bought 10,833 shares of the company’s stock, valued at approximately $145,000.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. increased its stake in UiPath by 13.8% during the second quarter. Sei Investments Co. now owns 78,531 shares of the company’s stock worth $996,000 after acquiring an additional 9,515 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of UiPath by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 111,503 shares of the company’s stock valued at $1,414,000 after purchasing an additional 6,989 shares during the period. Sanctuary Advisors LLC purchased a new stake in UiPath during the second quarter worth $155,000. SG Americas Securities LLC lifted its holdings in UiPath by 220.8% during the third quarter. SG Americas Securities LLC now owns 134,629 shares of the company’s stock worth $1,723,000 after buying an additional 92,659 shares during the period. Finally, Green Alpha Advisors LLC increased its position in shares of UiPath by 14.4% during the third quarter. Green Alpha Advisors LLC now owns 33,674 shares of the company’s stock worth $431,000 after purchasing an additional 4,226 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PATH has been the topic of several research reports. BMO Capital Markets upped their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Morgan Stanley increased their target price on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.44.

UiPath Stock Down 0.0 %

Shares of NYSE:PATH opened at $14.22 on Tuesday. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87. The company’s 50-day moving average price is $13.74 and its two-hundred day moving average price is $12.90. The firm has a market cap of $7.81 billion, a P/E ratio of -88.86 and a beta of 0.98.

Insider Buying and Selling at UiPath

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 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 approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the business’s 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company’s stock.

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.