Diversified Trust Co Invests $715,000 in UiPath Inc.

Diversified Trust Co has recently made a move to acquire a new stake in UiPath Inc. (NYSE:PATH) during the fourth quarter, as noted in their latest filing with the Securities & Exchange Commission. The firm successfully acquired 56,241 shares of the company’s stock, which is valued at approximately $715,000.

As UiPath continues to attract attention, other large investors are also adjusting their positions in the company. For example, Senvest Management LLC increased its stake in UiPath by 16.7% during the third quarter. After acquiring an additional 1,559,500 shares, Senvest now holds a total of 10,894,483 shares, amounting to about $139,449,000.

Similarly, Geode Capital Management LLC raised its holdings by 7.2%, now owning 7,312,068 shares worth $93,619,000 after acquiring 493,502 shares in the same period. Pacer Advisors Inc. also made a new investment in UiPath during the second quarter, with a total value of roughly $69,180,000.

Moreover, Jacobs Levy Equity Management Inc. significantly grew its stake by an impressive 554.8% in the third quarter, obtaining 4,026,502 shares valued at $51,539,000 after buying an additional 3,411,562 shares. Charles Schwab Investment Management Inc. also increased its position, holding 2,890,360 shares worth approximately $36,997,000 after purchasing 291,171 shares in the recent quarter. Overall, institutional investors and hedge funds own around 62.50% of UiPath's stock.

Insider Transactions

In recent insider news, the Chief Accounting Officer Hitesh Ramani sold 25,000 shares of UiPath on January 3rd, receiving an average price of $13.05 per share, resulting in a total transaction worth $326,250. Following this sale, Ramani now holds 269,421 shares, which are valued at about $3,515,944.05, showing an 8.49% reduction in ownership.

Additionally, Chief Financial Officer Ashim Gupta sold 47,227 shares in the same trading session at an average price of $13.06, totaling $616,784.62. Gupta now has 856,538 shares valued at approximately $11,186,386.28, which reflects a 5.23% decrease in his position. Company insiders own approximately 22.37% of the stock.

UiPath Stock Performance

On the trading front, UiPath shares opened at $13.43 on Friday, reflecting a 1.7% increase. The stock has a 50-day simple moving average of $13.55 and a 200-day simple moving average of $12.76. Over the past year, the shares have experienced a low of $10.37 and a high of $27.87, with a market capitalization of around $7.38 billion. It currently has a PE ratio of -83.94.

Analyst Perspectives

Several brokerages have shared their perspectives on UiPath. Morgan Stanley has increased its price target from $15.00 to $16.00, maintaining an “equal weight” rating. BMO Capital Markets also lifted its target to $16.00 while reiterating a “market perform” rating. Meanwhile, JPMorgan Chase raised its price objective from $17.00 to $18.00, rating the stock as “overweight.” Conversely, UBS Group initiated coverage with a “sell” rating and a target price of $14.00, while Wells Fargo decreased its target from $15.00 to $13.00, maintaining an “equal weight” stance. Overall, one analyst rates the stock as a sell, sixteen have a hold rating, and two recommend buying, leading to a consensus rating of “Hold” with an average target price of $17.50.

Company Overview

UiPath Inc. specializes in providing a comprehensive automation platform that includes a variety of robotic process automation (RPA) solutions, primarily in markets such as the United States, Romania, the United Kingdom, and the Netherlands. The company offers integrated software designed for building, managing, running, measuring, and governing automation within organizations.

investment, stocks, UiPath