Handelsbanken Fonder AB Purchases 25,300 Shares of UiPath Inc. (NYSE:PATH)

Handelsbanken Fonder AB grew its position in UiPath Inc. (NYSE:PATH) by 32.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 103,700 shares of the company’s stock after purchasing an additional 25,300 shares during the period. Handelsbanken Fonder AB’s holdings in UiPath were worth $1,318,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have commented on PATH shares. BMO Capital Markets lifted their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. UBS Group assumed coverage on UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price for the company. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.44.

Insiders Place Their Bets

In other news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was 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 owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $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. Corporate insiders own 22.37% of the company’s stock.

UiPath Stock Up 0.8 %

Shares of NYSE:PATH opened at $12.73 on Thursday. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $25.47. The company’s 50 day moving average price is $13.65 and its two-hundred day moving average price is $13.17. The firm has a market cap of $6.99 billion, a PE ratio of -79.53 and a beta of 0.98.

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.