Savant Capital LLC Purchases 187,161 Shares of UiPath Inc. (NYSE:PATH)

Savant Capital LLC lifted its position in shares of UiPath Inc. (NYSE:PATH) by 483.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,906 shares of the company’s stock after buying an additional 187,161 shares during the period. Savant Capital LLC’s holdings in UiPath were worth $2,871,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. JTC Employer Solutions Trustee Ltd acquired a new position in shares of UiPath during the 3rd quarter worth about $26,000. Quarry LP raised its holdings in UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after acquiring an additional 2,274 shares in the last quarter. True Wealth Design LLC boosted its position in UiPath by 21,710.0% during the third quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after purchasing an additional 4,342 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in UiPath in the third quarter valued at approximately $65,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PATH shares. JPMorgan Chase & Co. upped their price objective on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. UBS Group started coverage on shares of UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 target price on the stock. Finally, BMO Capital Markets lifted their price target on 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 company’s stock. Based on data from MarketBeat, UiPath currently has an average rating of “Hold” and a consensus price target of $17.44.

UiPath Price Performance

PATH opened at $13.96 on Wednesday. The business has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $12.99. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The company has a market capitalization of $7.67 billion, a PE ratio of -87.25 and a beta of 0.98.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of UiPath 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 owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade 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 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.