Cowa LLC Boosts Holdings in UiPath Inc. (NYSE:PATH)

Cowa LLC lifted its stake in UiPath Inc. (NYSE:PATH) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,330 shares of the company’s stock after purchasing an additional 5,649 shares during the quarter. Cowa LLC’s holdings in UiPath were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC increased 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 buying an additional 759 shares in the last quarter. Quarry LP increased 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 buying an additional 2,729 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in UiPath by 124.7% in 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. True Wealth Design LLC increased 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 buying an additional 4,342 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of UiPath during the 3rd quarter valued at about $65,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling

In other 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 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 $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, 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. 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 insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PATH shares. UBS Group started coverage on UiPath in a research note on Thursday, December 12th. They set a “sell” rating and a $14.00 price target for the company. BMO Capital Markets boosted their price target on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Morgan Stanley boosted their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. Finally, Barclays cut their price target 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. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.44.

UiPath Price Performance

NYSE PATH opened at $13.44 on Friday. The stock’s 50 day moving average is $13.70 and its 200 day moving average is $13.12. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47.

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.