Savant Capital LLC Purchases 187,161 Shares of UiPath Inc. (NYSE:PATH)

Savant Capital LLC increased its holdings in UiPath Inc. (NYSE:PATH) by 483.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 225,906 shares of the company’s stock after purchasing an additional 187,161 shares during the period. Savant Capital LLC’s holdings in UiPath were worth $2,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of UiPath during the third quarter worth $26,000. Quarry LP grew its stake in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after acquiring an additional 2,274 shares in the last quarter. True Wealth Design LLC increased its stake in UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after purchasing an additional 4,342 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of UiPath during the third quarter worth about $65,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $616,784.62. Following the completion of the transaction, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by insiders.

UiPath Price Performance

Shares of PATH opened at $13.96 on Wednesday. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The stock has a 50 day simple moving average of $13.74 and a two-hundred day simple moving average of $12.99. The firm has a market cap of $7.67 billion, a P/E ratio of -87.25 and a beta of 0.98.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PATH shares. UBS Group assumed coverage on UiPath in a report on Thursday, December 12th. They set a “sell” rating and a $14.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price objective on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.