180 Wealth Advisors LLC Boosts Holdings in UiPath Inc. (NYSE:PATH)

180 Wealth Advisors LLC increased its stake in UiPath Inc. (NYSE:PATH - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 550,196 shares of the company's stock after purchasing an additional 64,842 shares during the period. UiPath makes up approximately 0.9% of 180 Wealth Advisors LLC's portfolio, making the stock its 20th biggest holding. 180 Wealth Advisors LLC owned approximately 0.10% of UiPath worth $5,667,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PATH. Smartleaf Asset Management LLC lifted its stake in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after purchasing an additional 1,152 shares during the last quarter. Versant Capital Management Inc lifted its stake in UiPath by 198.6% in the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after purchasing an additional 1,970 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after purchasing an additional 1,742 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Up 2.3%

UiPath stock traded up $0.30 on Thursday, hitting $13.35. 6,528,770 shares of the stock traded hands, compared to its average volume of 10,624,077. The firm has a market cap of $7.36 billion, a P/E ratio of -83.44 and a beta of 1.01. The business's fifty day simple moving average is $11.65 and its 200 day simple moving average is $12.69. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative return on equity of 4.14% and a negative net margin of 6.49%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. As a group, analysts predict that UiPath Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PATH. Morgan Stanley boosted their price target on shares of UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday. Evercore ISI raised their target price on shares of UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a report on Friday, May 30th. Scotiabank raised their target price on shares of UiPath from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Friday, May 30th. Mizuho cut their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, Barclays restated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $13.83.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 98,795 shares of UiPath stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the transaction, the chief financial officer now owns 987,322 shares of the company's stock, valued at $11,857,737.22. The trade was a 9.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. This represents a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 23.19% 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.