Jackson Creek Investment Advisors LLC Purchases New Position in UiPath Inc. (NYSE:PATH)

Jackson Creek Investment Advisors LLC bought a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,442 shares of the company's stock, valued at approximately $298,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CIBC Asset Management Inc boosted its position in shares of UiPath by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after acquiring an additional 736 shares during the last quarter. V Square Quantitative Management LLC lifted its position in UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after purchasing an additional 759 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of UiPath by 47.8% in the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after buying an additional 804 shares in the last quarter. Amalgamated Bank increased its holdings in shares of UiPath by 3.1% in the 4th quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after buying an additional 836 shares during the last quarter. Finally, Cowa LLC raised its position in shares of UiPath by 4.4% during the 3rd quarter. Cowa LLC now owns 26,681 shares of the company's stock valued at $342,000 after buying an additional 1,118 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

UiPath Price Performance

Shares of PATH stock traded up $0.11 during mid-day trading on Wednesday, hitting $11.85. 18,663,560 shares of the stock traded hands, compared to its average volume of 9,436,983. UiPath Inc. has a 52-week low of $9.43 and a 52-week high of $25.47. The stock has a market cap of $6.51 billion, a P/E ratio of -74.08 and a beta of 1.00. The stock's fifty day moving average is $13.48 and its two-hundred day moving average is $13.19.

UiPath (NYSE:PATH - Get Free Report) last announced its earnings results on Wednesday, March 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.09). UiPath had a negative net margin of 6.49% and a negative return on equity of 4.14%. As a group, equities analysts forecast that UiPath Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Ashim Gupta sold 47,227 shares of the 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 directly 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 is accessible through the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PATH shares. JPMorgan Chase & Co. boosted 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. Morgan Stanley boosted their target price on UiPath from $15.00 to $16.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Barclays lowered their price target on UiPath from $16.00 to $15.00 and set an "equal weight" rating for the company in a research report on Friday, January 10th. BMO Capital Markets lifted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $16.00 price target on shares of UiPath in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.44.

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.