SBI Securities Co. Ltd. Acquires New Shares in UiPath Inc. (NYSE:PATH)

SBI Securities Co. Ltd. acquired a new stake in shares of UiPath Inc. (NYSE:PATH) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 23,547 shares of the company’s stock, valued at approximately $299,000.

Several other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of UiPath by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after acquiring an additional 736 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in UiPath by 33.4% during 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 during the period. First Horizon Advisors Inc. lifted its holdings in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 shares during the period. Amalgamated Bank lifted its holdings in UiPath by 3.1% during the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock worth $358,000 after buying an additional 836 shares during the period. Finally, Cowa LLC lifted its holdings in UiPath by 4.4% during the 3rd quarter. Cowa LLC now owns 26,681 shares of the company’s stock worth $342,000 after buying an additional 1,118 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

Shares of UiPath stock opened at $12.07 on Thursday. UiPath Inc. has a one year low of $10.37 and a one year high of $25.47. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of -75.41 and a beta of 0.98. The business has a 50-day simple moving average of $13.55 and a 200 day simple moving average of $13.19.

Analyst Upgrades and Downgrades

Several research analysts have commented on PATH shares. Barclays cut their target price on UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective 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 boosted their price objective on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research note on Friday, December 6th. Finally, Morgan Stanley boosted their price objective on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, UiPath has an average rating of “Hold” and a consensus target price of $17.44.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the business’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 completion of the sale, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the business’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 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. Corporate insiders own 22.37% of the company’s stock.

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.