24,174 Shares in UiPath Inc. (NYSE:PATH) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in UiPath Inc. (NYSE:PATH) in the 4th quarter, Holdings Channel reports. The firm acquired 24,174 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after purchasing an additional 804 shares in the last quarter. V Square Quantitative Management LLC increased its stake in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after buying an additional 759 shares during the period. Quarry LP lifted its holdings in UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in UiPath by 21,710.0% in the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after buying an additional 4,342 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Up 1.2 %

Shares of NYSE PATH opened at $11.34 on Wednesday. The firm’s 50-day moving average price is $13.03 and its two-hundred day moving average price is $13.07. UiPath Inc. has a 52-week low of $9.50 and a 52-week high of $23.35. The stock has a market capitalization of $6.23 billion, a P/E ratio of -70.88 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group cut their price target on UiPath from $14.00 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley cut their target price on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Mizuho decreased their price target on shares of UiPath from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their price target on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Barclays decreased their price objective on shares of UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.62.

Insider Transactions at UiPath

In other UiPath 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 sale, 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 can be accessed through this link. Also, CFO Ashim Gupta sold 47,227 shares of the business’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 transaction, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % 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.

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.