Archford Capital Strategies LLC Has $1.02 Million Holdings in UiPath, Inc. (NYSE:PATH)

Archford Capital Strategies LLC raised its holdings in UiPath, Inc. (NYSE:PATH - Free Report) by 68.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,733 shares of the company's stock after purchasing an additional 40,109 shares during the period. Archford Capital Strategies LLC's holdings in UiPath were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of UiPath in the fourth quarter valued at approximately $71,191,000. Senvest Management LLC grew its holdings in shares of UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock worth $178,890,000 after purchasing an additional 3,180,300 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of UiPath by 45.3% during the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after purchasing an additional 2,072,089 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of UiPath by 35.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,459,071 shares of the company's stock worth $69,385,000 after purchasing an additional 1,432,569 shares during the period. Finally, Marshall Wace LLP raised its stake in UiPath by 111.8% in the fourth quarter. Marshall Wace LLP now owns 2,456,102 shares of the company's stock valued at $31,217,000 after purchasing an additional 1,296,382 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analyst Weigh In

PATH has been the topic of a number of analyst reports. Truist Financial increased their price objective on shares of UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Morgan Stanley upped their price objective on UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Mizuho reduced their price objective on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Scotiabank boosted their target price on UiPath from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Finally, UBS Group dropped their target price on shares of UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $13.83.

UiPath Stock Up 2.5%

NYSE PATH traded up $0.32 on Thursday, hitting $12.79. The company's stock had a trading volume of 6,957,994 shares, compared to its average volume of 10,403,679. The company's 50-day moving average is $12.30 and its 200 day moving average is $12.54. The firm has a market cap of $6.84 billion, a PE ratio of -106.53, a PEG ratio of 16.39 and a beta of 1.06. 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 issued its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. UiPath's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, equities analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Activity

In related news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the transaction, the chief accounting officer now owns 314,891 shares of the company's stock, valued at $3,208,739.29. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the sale, the chief financial officer now directly owns 987,322 shares in the company, valued at $11,857,737.22. This trade represents a 9.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,295 shares of company stock valued at $2,423,153. Company insiders own 23.19% of the company's stock.

UiPath 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.