Archford Capital Strategies LLC Acquires 30,973 Shares of UiPath Inc. (NYSE:PATH)

Archford Capital Strategies LLC raised its holdings in shares of UiPath Inc. (NYSE:PATH) by 112.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,624 shares of the company’s stock after purchasing an additional 30,973 shares during the quarter. Archford Capital Strategies LLC’s holdings in UiPath were worth $745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in PATH. Future Financial Wealth Managment LLC purchased a new position in UiPath during the third quarter worth $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of UiPath in the 3rd quarter worth about $26,000. Quarry LP boosted its stake in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after purchasing an additional 2,729 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in UiPath by 124.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after purchasing an additional 2,274 shares during the last quarter. Finally, True Wealth Design LLC raised 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 worth $56,000 after purchasing an additional 4,342 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research report on Friday, December 6th. Barclays dropped their price objective on UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Morgan Stanley increased their target price on UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. UBS Group started 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, BMO Capital Markets upped their price target 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. One 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.44.

UiPath Stock Performance

UiPath stock opened at $13.92 on Monday. UiPath Inc. has a one year low of $10.37 and a one year high of $27.87. The stock has a market cap of $7.65 billion, a PE ratio of -86.97 and a beta of 0.96. The stock has a 50-day moving average of $13.62 and a two-hundred day moving average of $12.82.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

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.