Raymond James Financial Inc. Buys New Position in UiPath Inc. (NYSE:PATH)

Raymond James Financial Inc. acquired a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 433,165 shares of the company's stock, valued at approximately $5,506,000. Raymond James Financial Inc. owned approximately 0.08% of UiPath as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after buying an additional 759 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of UiPath during the 4th quarter worth $50,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Transactions at UiPath

In related news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, the chief accounting officer now owns 314,891 shares of the company's stock, valued at $3,208,739.29. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.37% of the company's stock.

UiPath Stock Up 1.2 %

Shares of PATH traded up $0.14 during mid-day trading on Wednesday, hitting $11.96. The stock had a trading volume of 12,208,085 shares, compared to its average volume of 10,689,849. The company has a market cap of $6.60 billion, a PE ratio of -74.75 and a beta of 1.04. The company's fifty day simple moving average is $11.13 and its two-hundred day simple moving average is $12.73. UiPath Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $20.95.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Mizuho lowered their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley decreased their target price on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. BMO Capital Markets decreased their price objective on shares of UiPath from $16.00 to $11.50 and set a "market perform" rating on the stock in a research report on Friday, March 14th. UBS Group dropped their price target on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research report on Thursday, March 13th. Finally, Barclays reduced their target price on shares of UiPath from $15.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, UiPath has a consensus rating of "Hold" and an average price target of $12.72.

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.