1,572 Shares in UiPath Inc. (NYSE:PATH) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in shares of UiPath Inc. (NYSE:PATH) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,572 shares of the healthcare company’s stock, valued at approximately $36,000.

A number of other large investors also recently added to or reduced their stakes in the business. HighMark Wealth Management LLC purchased a new stake in UiPath during the 4th quarter valued at approximately $27,000. FNY Investment Advisers LLC bought a new position in shares of UiPath during the fourth quarter worth $40,000. FSC Wealth Advisors LLC purchased a new position in UiPath during the fourth quarter valued at $43,000. Fifth Third Bancorp increased its holdings in UiPath by 2,005.3% in the 3rd quarter. Fifth Third Bancorp now owns 2,000 shares of the healthcare company’s stock valued at $34,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in UiPath in the 4th quarter worth $50,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Stock Performance

Shares of NYSE:PATH opened at $19.48 on Friday. The business has a 50 day simple moving average of $21.75 and a two-hundred day simple moving average of $21.65. UiPath Inc. has a 1 year low of $12.38 and a 1 year high of $27.87.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on UiPath from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Morgan Stanley lifted their price objective on UiPath from $17.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of UiPath in a research report on Wednesday, March 20th. BMO Capital Markets boosted their price target 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. Finally, Truist Financial reaffirmed a “buy” rating and set a $32.00 price target on shares of UiPath in a research note on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.41.

Insider Activity

In related news, CFO Ashim Gupta sold 16,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $22.47, for a total value of $359,520.00. Following the transaction, the chief financial officer now owns 103,505 shares of the company’s stock, valued at approximately $2,325,757.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 72,000 shares of company stock valued at $1,591,360. 31.03% of the stock is currently owned by company insiders.

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.