115,868 Shares in UiPath Inc. (NYSE:PATH) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in UiPath Inc. (NYSE:PATH) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 115,868 shares of the company’s stock, valued at approximately $1,483,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PATH. Future Financial Wealth Managment LLC acquired a new stake in UiPath in the third quarter worth about $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of UiPath during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new stake in shares of UiPath during the second quarter worth approximately $28,000. Quarry LP lifted its holdings in UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares during the period. Finally, Redwood Wealth Management Group LLC bought a new position in UiPath in the second quarter valued at approximately $43,000. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Price Performance

Shares of UiPath stock opened at $14.72 on Wednesday. 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 $8.10 billion, a price-to-earnings ratio of -92.00 and a beta of 0.94. The business has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $12.67.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of UiPath stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.07, for a total value of $575,388.97. Following the completion of the transaction, the chief financial officer now directly owns 849,917 shares of the company’s stock, valued at $10,258,498.19. The trade was a 5.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays increased their target price on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. DA Davidson raised their price objective on UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. BMO Capital Markets increased 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. Wells Fargo & Company cut their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Finally, 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. Sixteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.71.

About UiPath

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.