Allegiance Financial Group Advisory Services LLC Acquires Shares of 12,508 UiPath Inc. (NYSE:PATH)

Allegiance Financial Group Advisory Services LLC acquired a new stake in shares of UiPath Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,508 shares of the company’s stock, valued at approximately $159,000.

A number of other large investors also recently bought and sold shares of the company. Senvest Management LLC lifted its holdings in UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of UiPath by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock worth $93,619,000 after purchasing an additional 493,502 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of UiPath by 554.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after purchasing an additional 3,411,562 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock worth $36,997,000 after purchasing an additional 291,171 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of UiPath by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company’s stock worth $30,984,000 after purchasing an additional 66,100 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

Shares of PATH stock opened at $12.73 on Thursday. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $25.47. The stock has a market cap of $6.99 billion, a PE ratio of -79.53 and a beta of 0.98. The business’s fifty day moving average is $13.65 and its 200-day moving average is $13.17.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a report on Friday, December 6th. Morgan Stanley raised their price target on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. UBS Group assumed coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price target on the stock. JPMorgan Chase & Co. raised their price target on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Barclays cut their target price on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, January 10th. One research 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, the company presently has a consensus rating of “Hold” and an average target price of $17.44.

Insider Activity

In related 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 value of $326,250.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

UiPath 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.