Jackson Creek Investment Advisors LLC Buys New Position in UiPath Inc. (NYSE:PATH)

Jackson Creek Investment Advisors LLC bought a new stake in shares of UiPath Inc. (NYSE:PATH) in the 4th quarter, Holdings Channel.com reports. The firm bought 23,442 shares of the company’s stock, valued at approximately $298,000.

Several other large investors have also bought and sold shares of PATH. Senvest Management LLC boosted its position in shares of UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after purchasing an additional 1,559,500 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $93,619,000 after purchasing an additional 493,502 shares during the period. Jacobs Levy Equity Management Inc. boosted its position 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 valued at $51,539,000 after purchasing an additional 3,411,562 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 valued at $36,997,000 after purchasing an additional 291,171 shares during the period. Finally, Bank of New York Mellon Corp boosted its position 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 valued at $30,984,000 after purchasing an additional 66,100 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PATH shares. UBS Group started coverage on UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. Morgan Stanley raised their price objective on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their price target on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.44.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the business’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 sale, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company’s stock.

UiPath Stock Performance

Shares of PATH opened at $12.35 on Friday. The stock has a fifty day moving average price of $13.51 and a two-hundred day moving average price of $13.19. UiPath Inc. has a 52-week low of $10.37 and a 52-week high of $25.47. The company has a market cap of $6.78 billion, a price-to-earnings ratio of -77.16 and a beta of 1.00.

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.