International Assets Investment Management LLC Buys 167,218 Shares of UiPath Inc. (NYSE:PATH)

International Assets Investment Management LLC raised its stake in UiPath Inc. (NYSE:PATH) by 1,649.1% in the 4th quarter, HoldingsChannel reports. The firm owned 177,358 shares of the healthcare company’s stock after acquiring an additional 167,218 shares during the quarter. International Assets Investment Management LLC’s holdings in UiPath were worth $4,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighMark Wealth Management LLC bought a new stake in shares of UiPath during the fourth quarter worth about $27,000. Tyler Stone Wealth Management bought a new stake in shares of UiPath during the second quarter worth about $28,000. Fifth Third Bancorp increased its position in shares of UiPath by 2,005.3% during the third quarter. Fifth Third Bancorp now owns 2,000 shares of the healthcare company’s stock worth $34,000 after acquiring an additional 1,905 shares in the last quarter. Quarry LP bought a new stake in shares of UiPath during the first quarter worth about $36,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of UiPath during the fourth quarter worth about $40,000. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PATH has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of UiPath from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, March 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $29.00 target price on shares of UiPath in a research report on Monday, April 1st. JPMorgan Chase & Co. upgraded shares of UiPath from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $28.00 in a report on Thursday, March 14th. Bank of America boosted their price target on shares of UiPath from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, KeyCorp assumed coverage on shares of UiPath in a report on Monday, April 8th. They set an “overweight” rating and a $27.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.41.

UiPath Stock Down 0.4 %

PATH opened at $19.41 on Wednesday. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of -114.14 and a beta of 0.96. UiPath Inc. has a twelve month low of $12.38 and a twelve month high of $27.87. The company’s 50-day moving average price is $23.16 and its two-hundred day moving average price is $21.47.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, March 13th. The healthcare company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.10. The firm had revenue of $405.25 million for the quarter, compared to analysts’ expectations of $383.32 million. UiPath had a negative net margin of 6.87% and a negative return on equity of 3.29%. As a group, sell-side analysts anticipate that UiPath Inc. will post -0.04 earnings per share for the current year.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $22.84, for a total transaction of $365,440.00. Following the sale, the chief financial officer now directly owns 87,505 shares in the company, valued at approximately $1,998,614.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 72,000 shares of company stock worth $1,591,360. 31.03% of the stock is owned by corporate insiders.

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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.