UiPath Inc. (NYSE:PATH) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in UiPath Inc. (NYSE:PATH) by 24.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,133 shares of the company’s stock after acquiring an additional 3,374 shares during the quarter. Corient Private Wealth LLC’s holdings in UiPath were worth $218,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. CIBC Asset Management Inc grew its stake 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 worth $187,000 after purchasing an additional 736 shares during the period. V Square Quantitative Management LLC grew its position in UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares during the period. First Horizon Advisors Inc. increased its holdings in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares in the last quarter. Amalgamated Bank raised its position in shares of UiPath by 3.1% in the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company’s stock worth $358,000 after acquiring an additional 836 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after acquiring an additional 1,152 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction 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. 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 currently owned by company insiders.

UiPath Price Performance

Shares of UiPath stock opened at $10.50 on Wednesday. The stock’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $13.02. The stock has a market cap of $5.79 billion, a P/E ratio of -65.64 and a beta of 1.00. UiPath Inc. has a 1-year low of $9.50 and a 1-year high of $22.11.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group cut their price target on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. UBS Group cut their price objective on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday, March 13th. Evercore ISI decreased their target price on UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a research report on Thursday, March 13th. Barclays dropped their price target on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, Morgan Stanley reduced 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 report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.62.

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.