Left Brain Wealth Management LLC Sells 4,530 Shares of UiPath Inc. (NYSE:PATH)

Left Brain Wealth Management LLC reduced its position in shares of UiPath Inc. (NYSE:PATH) by 30.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,255 shares of the company’s stock after selling 4,530 shares during the quarter. Left Brain Wealth Management LLC’s holdings in UiPath were worth $130,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 valued at $31,000 after buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after buying an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after buying an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC lifted its position 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 valued at $39,000 after buying an additional 759 shares in the last quarter. Finally, Quarry LP lifted its position in shares of UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after buying an additional 2,729 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction on 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 owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company’s stock.

Analyst Ratings Changes

PATH has been the topic of a number of analyst reports. Bank of America reaffirmed an “underperform” rating and set a $10.00 price objective (down from $18.00) on shares of UiPath in a research report on Thursday. BMO Capital Markets boosted 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. Morgan Stanley lowered their price target on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday. Wells Fargo & Company lowered their price target on UiPath from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Barclays lowered their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, UiPath currently has an average rating of “Hold” and a consensus price target of $14.78.

UiPath Stock Performance

NYSE PATH opened at $10.01 on Friday. The company has a market cap of $5.50 billion, a P/E ratio of -62.59 and a beta of 1.00. The business’s 50 day moving average price is $13.41 and its 200-day moving average price is $13.16. UiPath Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $25.47.

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.