SVB Wealth LLC Invests $385,000 in UiPath Inc. (NYSE:PATH)

SVB Wealth LLC acquired a new stake in shares of UiPath Inc. (NYSE:PATH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,297 shares of the company’s stock, valued at approximately $385,000.

A number of other large investors also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. boosted its position in UiPath by 554.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock valued at $51,539,000 after acquiring an additional 3,411,562 shares in the last quarter. Senvest Management LLC lifted its stake in shares of UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after purchasing an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in UiPath during the third quarter valued at about $19,071,000. Geode Capital Management LLC grew its stake in UiPath by 7.2% in the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after purchasing an additional 493,502 shares during the last quarter. Finally, Washington Harbour Partners LP bought a new position in UiPath in the third quarter worth about $5,684,000. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PATH shares. Morgan Stanley raised their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Barclays decreased their target price on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price target on shares of UiPath in a report on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their target price on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.44.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of UiPath stock in a transaction that occurred 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 directly owns 856,538 shares in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $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 insiders.

UiPath Trading Up 0.5 %

Shares of NYSE PATH opened at $11.82 on Wednesday. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of -73.84 and a beta of 0.98. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $25.47. The company has a 50 day simple moving average of $13.57 and a two-hundred day simple moving average of $13.20.

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.