Rakuten Securities Inc. Raises Stock Position in UiPath Inc. (NYSE:PATH)

Rakuten Securities Inc. increased its stake in UiPath Inc. (NYSE:PATH) by 56.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,411 shares of the company’s stock after acquiring an additional 1,950 shares during the quarter. Rakuten Securities Inc.’s holdings in UiPath were worth $69,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC purchased a new stake in UiPath in the 4th quarter worth $298,000. Ontario Teachers Pension Plan Board increased its holdings in UiPath by 136.0% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock worth $1,392,000 after acquiring an additional 62,650 shares in the last quarter. D.A. Davidson & CO. increased its holdings in UiPath by 60.1% in the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock worth $7,138,000 after acquiring an additional 209,300 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of UiPath by 30.1% during the third quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock worth $4,145,000 after buying an additional 74,959 shares in the last quarter. Finally, Senvest Management LLC grew its holdings in shares of UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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 shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction dated Friday, January 3rd. The stock was 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 represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

UiPath Price Performance

NYSE PATH opened at $11.85 on Thursday. The firm’s 50-day moving average is $13.47 and its two-hundred day moving average is $13.18. UiPath Inc. has a 12 month low of $9.70 and a 12 month high of $25.47. The stock has a market capitalization of $6.51 billion, a P/E ratio of -74.08 and a beta of 1.00.

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.