American Century Companies Inc. Sells 29,925 Shares of UiPath, Inc. $PATH

Key Points

• American Century Companies Inc. reduced its stake in UiPath, Inc. by 19.5%, holding 123,266 shares valued at $1.27 million after selling nearly 30,000 shares in the first quarter.
• Various institutional investors have increased their positions in UiPath, with Versant Capital Management growing its stake by 198.6% in the same period, indicating heightened interest from larger investors.
• UiPath's stock has been assigned a consensus rating of "Hold" by analysts, with an average price target of $13.83, reflecting a cautious outlook on the company’s future performance.

American Century Companies Inc. lessened its stake in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 19.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,266 shares of the company's stock after selling 29,925 shares during the quarter. American Century Companies Inc.'s holdings in UiPath were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of UiPath by 20.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,347,586 shares of the company's stock worth $14,079,000 after buying an additional 228,812 shares during the period. Independent Advisor Alliance acquired a new position in shares of UiPath in the 1st quarter worth approximately $118,000. Nuveen LLC acquired a new position in shares of UiPath in the 1st quarter worth approximately $10,503,000. Invesco Ltd. raised its position in UiPath by 18.8% in the 1st quarter. Invesco Ltd. now owns 454,849 shares of the company's stock valued at $4,685,000 after purchasing an additional 72,049 shares during the last quarter. Finally, Covestor Ltd raised its position in UiPath by 13.1% in the 1st quarter. Covestor Ltd now owns 11,070 shares of the company's stock valued at $114,000 after purchasing an additional 1,283 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PATH. BMO Capital Markets cut their price objective on UiPath from $15.50 to $12.50 and set a "market perform" rating for the company in a research report on Friday. DA Davidson began coverage on UiPath in a research report on Friday. They issued a "neutral" rating and a $12.00 price objective for the company. Canaccord Genuity Group set a $16.00 price objective on UiPath and gave the company a "buy" rating in a research report on Monday, June 2nd. Zacks Research upgraded UiPath to a "hold" rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $13.25.

UiPath Price Performance

Shares of PATH stock traded up $0.65 on Friday, reaching $11.50. 34,541,168 shares of the stock were exchanged, compared to its average volume of 10,473,805. The stock has a market cap of $6.15 billion, a PE ratio of 383.30, a P/E/G ratio of 15.05 and a beta of 1.02. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93. The stock has a 50 day moving average price of $11.76 and a 200 day moving average price of $11.82.

UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. The company had revenue of $361.73 million during the quarter, compared to the consensus estimate of $347.36 million. UiPath had a return on equity of 1.27% and a net margin of 1.35%.The firm's quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 earnings per share. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Daniel Dines sold 9,988 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $12.00, for a total value of $119,856.00. Following the completion of the sale, the chief executive officer owned 4,598,388 shares in the company, valued at approximately $55,180,656. This represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 831,310 shares of company stock valued at $10,428,922 in the last ninety days. Corporate 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.