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

SYM FINANCIAL Corp acquired a new position in shares of UiPath Inc. (NYSE:PATH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,454 shares of the company’s stock, valued at approximately $171,000.

A number of other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of UiPath during the third quarter worth $26,000. JTC Employer Solutions Trustee Ltd acquired a new position in UiPath in the third quarter valued at about $26,000. Quarry LP grew its stake in UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after acquiring an additional 2,729 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after purchasing an additional 2,274 shares during the period. Finally, True Wealth Design LLC lifted its holdings 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. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Down 2.5 %

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

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 47,227 shares of UiPath 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 directly owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. The trade was a 5.23 % decrease in their position. The sale 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 shares were 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 directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PATH shares. 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. Barclays lowered 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, January 15th. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, UBS Group assumed coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, UiPath currently has an average rating of “Hold” and a consensus target price 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.