16,123 Shares in UiPath Inc. (NYSE:PATH) Bought by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC acquired a new position in UiPath Inc. (NYSE:PATH) during the 4th quarter, HoldingsChannel reports. The fund acquired 16,123 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently modified their holdings of PATH. Rakuten Securities Inc. lifted its holdings in UiPath by 56.3% in the fourth quarter. Rakuten Securities Inc. now owns 5,411 shares of the company’s stock valued at $69,000 after buying an additional 1,950 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after purchasing an additional 1,742 shares during the period. SoundView Advisors Inc. acquired a new position in shares of UiPath during the fourth quarter valued at about $1,136,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of UiPath by 57.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,834 shares of the company’s stock valued at $1,625,000 after purchasing an additional 46,652 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of UiPath by 280.9% during the fourth quarter. AlphaQuest LLC now owns 105,722 shares of the company’s stock valued at $1,344,000 after purchasing an additional 77,966 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Mizuho dropped their price objective on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. Scotiabank dropped their price objective on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Morgan Stanley dropped their price objective on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Evercore ISI decreased their target price on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.53.

UiPath Stock Performance

Shares of PATH stock opened at $10.84 on Friday. UiPath Inc. has a 52-week low of $9.50 and a 52-week high of $23.97. The company has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $13.15. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of -67.78 and a beta of 1.00.

Insider Activity

In other news, CFO Ashim Gupta sold 47,227 shares of the 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. This represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the 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 $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

About UiPath

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.