Narus Financial Partners LLC Sells 13,600 Shares of UiPath Inc. (NYSE:PATH)

Narus Financial Partners LLC lessened its holdings in UiPath Inc. (NYSE:PATH) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,400 shares of the company’s stock after selling 13,600 shares during the quarter. Narus Financial Partners LLC’s holdings in UiPath were worth $323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. JTC Employer Solutions Trustee Ltd bought a new stake in shares of UiPath in the 3rd quarter valued at about $26,000. Future Financial Wealth Managment LLC acquired a new stake in UiPath in the third quarter worth $26,000. Quarry LP lifted its holdings in UiPath by 654.4% during the third 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 boosted its holdings in shares of UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after buying 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 third quarter. True Wealth Design LLC now owns 4,362 shares of the company’s stock worth $56,000 after buying an additional 4,342 shares during the period. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PATH. JPMorgan Chase & Co. increased their price target on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Morgan Stanley boosted their target price on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. UBS Group started coverage on UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price for the company. BMO Capital Markets boosted their target price on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.44.

UiPath Trading Up 1.2 %

UiPath stock opened at $14.57 on Friday. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87. The firm has a 50 day simple moving average of $13.75 and a 200 day simple moving average of $12.87.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $11,186,386.28. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

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.