Cetera Investment Advisers Grows Stock Holdings in UiPath Inc. (NYSE:PATH)

Cetera Investment Advisers boosted its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 55.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,044 shares of the company's stock after purchasing an additional 25,954 shares during the period. Cetera Investment Advisers' holdings in UiPath were worth $928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PATH. SG Americas Securities LLC grew its holdings in shares of UiPath by 76.0% during the 4th quarter. SG Americas Securities LLC now owns 236,887 shares of the company's stock worth $3,011,000 after purchasing an additional 102,258 shares during the period. Juncture Wealth Strategies LLC purchased a new position in UiPath during the fourth quarter worth about $137,000. Archford Capital Strategies LLC increased its position in shares of UiPath by 112.0% during the fourth quarter. Archford Capital Strategies LLC now owns 58,624 shares of the company's stock valued at $745,000 after acquiring an additional 30,973 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of UiPath by 698.1% during the fourth quarter. Pacer Advisors Inc. now owns 289,471 shares of the company's stock valued at $3,679,000 after acquiring an additional 253,203 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new stake in shares of UiPath in the 4th quarter valued at approximately $145,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Stock Up 2.3%

PATH traded up $0.29 on Tuesday, reaching $12.66. The company's stock had a trading volume of 9,169,134 shares, compared to its average volume of 10,921,712. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of -79.13 and a beta of 1.01. UiPath Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $19.09. The stock has a 50 day moving average of $11.38 and a two-hundred day moving average of $12.70.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the transaction, the chief financial officer now directly owns 987,322 shares in the company, valued at $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total transaction of $127,375.00. Following the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at $3,208,739.29. This represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Mizuho dropped their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Scotiabank dropped their price objective on UiPath from $15.00 to $12.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. BMO Capital Markets cut their price objective on UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a report on Friday, March 14th. Wells Fargo & Company lowered their target price on UiPath from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $12.72.

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.