UiPath Inc. (NYSE:PATH) Position Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in UiPath Inc. (NYSE:PATH) by 141.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,974 shares of the company’s stock after buying an additional 1,742 shares during the period. EverSource Wealth Advisors LLC’s holdings in UiPath were worth $38,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PATH. SoundView Advisors Inc. acquired a new stake in shares of UiPath during the fourth quarter worth $1,136,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UiPath by 57.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,834 shares of the company’s stock worth $1,625,000 after buying an additional 46,652 shares during the period. AlphaQuest LLC boosted its holdings in shares of UiPath by 280.9% in the fourth quarter. AlphaQuest LLC now owns 105,722 shares of the company’s stock worth $1,344,000 after buying an additional 77,966 shares during the period. Amundi increased its position in shares of UiPath by 32.1% in the fourth quarter. Amundi now owns 624,858 shares of the company’s stock worth $8,392,000 after acquiring an additional 151,945 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of UiPath during the fourth quarter valued at approximately $298,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Buying and Selling at UiPath

In related news, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction that occurred 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 in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction that occurred 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 directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Morgan Stanley decreased their price objective on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company lowered their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. increased their price objective on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets lowered their target price on UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Finally, Bank of America reissued an “underperform” rating and issued a $10.00 price target (down from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average target price of $13.62.

UiPath Stock Performance

Shares of NYSE PATH opened at $10.84 on Friday. The business’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $13.09. UiPath Inc. has a 52 week low of $9.50 and a 52 week high of $23.97. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of -67.72 and a beta of 1.00.

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.