SYM FINANCIAL Corp Takes Position in UiPath Inc. (NYSE:PATH)

SYM FINANCIAL Corp acquired a new position in UiPath Inc. (NYSE:PATH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,454 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of UiPath in the 3rd quarter valued at $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath during the 3rd quarter worth about $26,000. Quarry LP raised its position in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after purchasing an additional 2,274 shares during the period. Finally, True Wealth Design LLC boosted its position in shares of UiPath by 21,710.0% during the 3rd quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock valued at $56,000 after purchasing an additional 4,342 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Hitesh Ramani sold 25,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value 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 trade represents a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PATH. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research note on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research note on Friday, December 6th. Morgan Stanley upped their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Wells Fargo & Company reduced their target price on UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets upped their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. One equities 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 company’s stock. According to data from MarketBeat, UiPath has a consensus rating of “Hold” and a consensus price target of $17.44.

UiPath Stock Down 2.5 %

Shares of NYSE:PATH opened at $14.22 on Monday. The firm has a market capitalization of $7.81 billion, a PE ratio of -88.84 and a beta of 0.96. The company has a 50-day moving average price of $13.74 and a two-hundred day moving average price of $12.88. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87.

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.