Oppenheimer & Co. Inc. Has $3.99 Million Stock Holdings in UiPath Inc. (NYSE:PATH)

Oppenheimer & Co. Inc. lifted its position in UiPath Inc. (NYSE:PATH) by 60.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 314,247 shares of the company’s stock after purchasing an additional 118,606 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in UiPath were worth $3,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Creative Planning grew its stake in UiPath by 21.0% during the third quarter. Creative Planning now owns 59,019 shares of the company’s stock worth $744,000 after buying an additional 10,258 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of UiPath by 4.3% in the 3rd quarter. Raymond James & Associates now owns 240,145 shares of the company’s stock worth $3,074,000 after acquiring an additional 9,814 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after acquiring an additional 2,274 shares during the last quarter. International Assets Investment Management LLC grew its position in UiPath by 1,103.9% during the 3rd quarter. International Assets Investment Management LLC now owns 91,072 shares of the company’s stock worth $1,166,000 after acquiring an additional 83,507 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in UiPath by 164.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 95,469 shares of the company’s stock valued at $1,222,000 after purchasing an additional 59,435 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity

In other UiPath news, 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 approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 47,227 shares of the business’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 transaction, 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 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 Trading Down 0.0 %

NYSE:PATH opened at $12.30 on Friday. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $25.47. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -76.84 and a beta of 0.98. The business’s 50-day moving average price is $13.63 and its two-hundred day moving average price is $13.19.

Analysts Set New Price Targets

PATH has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price on the stock. Finally, Barclays lowered their price target on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.44.

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.