24,191 Shares in UiPath Inc. (NYSE:PATH) Bought by Truist Financial Corp

Truist Financial Corp bought a new stake in UiPath Inc. (NYSE:PATH) during the 4th quarter, HoldingsChannel reports. The firm bought 24,191 shares of the company’s stock, valued at approximately $307,000.

A number of other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC lifted its stake 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 valued at $39,000 after purchasing an additional 759 shares during the period. Quarry LP increased its holdings in UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock worth $56,000 after buying an additional 4,342 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of UiPath during the 3rd quarter worth approximately $65,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of UiPath in the 3rd quarter valued at $136,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PATH shares. UBS Group began coverage on UiPath in a research note on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price for the company. Barclays reduced their price objective on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. Morgan Stanley lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.44.

Insider Transactions at UiPath

In related news, CAO Hitesh Ramani sold 25,000 shares of the firm’s 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

UiPath Stock Performance

PATH opened at $12.07 on Thursday. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -75.41 and a beta of 0.98. The firm’s fifty day moving average is $13.55 and its 200 day moving average is $13.19. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $25.47.

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.