GAMMA Investing LLC purchased a new position in shares of UiPath Inc. (NYSE:PATH – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,572 shares of the healthcare company’s stock, valued at approximately $36,000.
A number of other hedge funds also recently modified their holdings of PATH. HighMark Wealth Management LLC purchased a new stake in UiPath in the fourth quarter worth $27,000. Fifth Third Bancorp raised its stake in UiPath by 2,005.3% in the 3rd quarter. Fifth Third Bancorp now owns 2,000 shares of the healthcare company’s stock valued at $34,000 after acquiring an additional 1,905 shares during the period. FNY Investment Advisers LLC bought a new stake in UiPath in the 4th quarter valued at about $40,000. FSC Wealth Advisors LLC purchased a new stake in UiPath during the fourth quarter valued at about $43,000. Finally, Tennessee Valley Asset Management Partners bought a new position in UiPath during the fourth quarter worth about $50,000. Institutional investors own 62.50% of the company’s stock.
UiPath Price Performance
Shares of NYSE:PATH opened at $19.48 on Friday. UiPath Inc. has a one year low of $12.38 and a one year high of $27.87. The company’s fifty day moving average price is $21.75 and its 200-day moving average price is $21.65.
Insider Buying and Selling
In other UiPath news, CFO Ashim Gupta sold 40,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $21.66, for a total transaction of $866,400.00. Following the transaction, the chief financial officer now directly owns 660,762 shares in the company, valued at $14,312,104.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 72,000 shares of company stock worth $1,591,360 in the last quarter. 31.03% of the stock is owned by insiders.
Analysts Set New Price Targets
PATH has been the topic of a number of recent research reports. DA Davidson upped their price target on shares of UiPath from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Wells Fargo & Company raised their price target on UiPath from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. KeyCorp started coverage on UiPath in a research note on Monday, April 8th. They set an “overweight” rating and a $27.00 price objective on the stock. Bank of America raised their target price on UiPath from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Mizuho upped their price target on UiPath from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.41.
Check Out Our Latest Stock Report on PATH
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.
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