Smith Anglin Financial LLC Sells 1,320 Shares of UiPath Inc. (NYSE:PATH)

Smith Anglin Financial LLC lowered its stake in shares of UiPath Inc. (NYSE:PATH) by 11.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,325 shares of the company’s stock after selling 1,320 shares during the quarter. Smith Anglin Financial LLC’s holdings in UiPath were worth $131,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new stake in shares of UiPath in the 2nd quarter worth about $69,180,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of UiPath by 554.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after acquiring an additional 3,411,562 shares during the last quarter. Senvest Management LLC raised its holdings in shares of UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after acquiring an additional 1,559,500 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of UiPath in the 3rd quarter worth about $19,071,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of UiPath in the 2nd quarter worth about $13,280,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Buying and Selling

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now directly owns 856,538 shares in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the chief accounting officer now owns 269,421 shares in the company, valued at $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by insiders.

UiPath Price Performance

UiPath stock opened at $13.39 on Thursday. The firm has a 50 day moving average price of $13.59 and a 200-day moving average price of $12.78. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87.

Wall Street Analyst Weigh In

PATH has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. UBS Group initiated coverage on shares of UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. Barclays reduced their price objective 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. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, UiPath has a consensus rating of “Hold” and an average price target of $17.44.

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.