Smith Group Asset Management LLC Invests $857,000 in UiPath Inc. (NYSE:PATH)

Smith Group Asset Management LLC purchased a new stake in shares of UiPath Inc. (NYSE:PATH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 67,460 shares of the company’s stock, valued at approximately $857,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in UiPath by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company’s stock valued at $35,296,000 after buying an additional 754,519 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in UiPath in the second quarter valued at about $164,000. Sei Investments Co. grew its stake in UiPath by 13.8% during the 2nd quarter. Sei Investments Co. now owns 78,531 shares of the company’s stock valued at $996,000 after purchasing an additional 9,515 shares in the last quarter. Toronto Dominion Bank grew its stake in UiPath by 15.4% during the 2nd quarter. Toronto Dominion Bank now owns 42,654 shares of the company’s stock valued at $541,000 after purchasing an additional 5,704 shares in the last quarter. Finally, AXA S.A. increased its holdings in UiPath by 89.9% during the 2nd quarter. AXA S.A. now owns 53,016 shares of the company’s stock worth $672,000 after purchasing an additional 25,094 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

PATH has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Barclays decreased their price target 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. Finally, BMO Capital Markets upped their price objective on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.44.

Insiders Place Their Bets

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

UiPath Stock Up 10.3 %

PATH stock opened at $15.18 on Wednesday. The stock has a market cap of $8.34 billion, a PE ratio of -94.86 and a beta of 0.96. The firm’s 50-day simple moving average is $13.70 and its 200 day simple moving average is $12.84. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $27.87.

UiPath 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.