Rakuten Securities Inc. Boosts Stock Holdings in UiPath Inc. (NYSE:PATH)

Rakuten Securities Inc. raised its holdings in shares of UiPath Inc. (NYSE:PATH) by 56.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,411 shares of the company’s stock after purchasing an additional 1,950 shares during the period. Rakuten Securities Inc.’s holdings in UiPath were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc increased its position in 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 purchasing an additional 736 shares during the period. V Square Quantitative Management LLC grew its position in shares of UiPath by 33.4% in 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 last quarter. First Horizon Advisors Inc. grew its position in shares of UiPath by 47.8% in 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 last quarter. Amalgamated Bank grew its position in shares of UiPath by 3.1% in 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 last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after buying an additional 1,152 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Trading Up 1.0 %

Shares of NYSE PATH opened at $11.85 on Thursday. UiPath Inc. has a 12 month low of $9.70 and a 12 month high of $25.47. The company has a 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $13.18. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of -74.08 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PATH shares. Barclays cut their price objective on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. UBS Group started coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Morgan Stanley lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average target price of $17.44.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction 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 $11,186,386.28. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The shares were 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 of the company’s stock, valued at approximately $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. Company insiders own 22.37% of the company’s stock.

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.