Assenagon Asset Management S.A. Sells 57,580 Shares of UiPath, Inc. $PATH

Key Points

• Assenagon Asset Management S.A. sold 57,580 shares of UiPath, Inc., reducing its holdings by 19.6% to 236,350 shares, valued at $3,025,000.
• UiPath reported a positive quarterly earnings result of $0.15 per share, exceeding analysts' expectations, with a revenue of $361.73 million, up 14.6% year-over-year.
• Insider activity includes CEO Daniel Dines selling 122,733 shares for approximately $1.44 million, resulting in a 4.76% decrease in his ownership of the company.

Assenagon Asset Management S.A. lessened its holdings in UiPath, Inc. (NYSE:PATH - Free Report) by 19.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,350 shares of the company's stock after selling 57,580 shares during the quarter. Assenagon Asset Management S.A.'s holdings in UiPath were worth $3,025,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PATH. Tidal Investments LLC lifted its position in shares of UiPath by 3.7% in the fourth quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock worth $286,000 after purchasing an additional 797 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of UiPath by 39.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,401,993 shares of the company's stock worth $17,819,000 after purchasing an additional 397,121 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of UiPath in the fourth quarter worth $142,000. Wealth Enhancement Advisory Services LLC raised its position in UiPath by 68.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 160,369 shares of the company's stock worth $2,038,000 after acquiring an additional 64,900 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in UiPath by 198.6% during the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

UiPath Stock Down 1.4%

UiPath stock opened at $12.15 on Friday. The stock has a market cap of $6.45 billion, a P/E ratio of 404.83, a P/E/G ratio of 4.71 and a beta of 1.02. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $15.93. The company's 50-day moving average price is $11.52 and its two-hundred day moving average price is $11.77.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The firm had revenue of $361.73 million for the quarter, compared to analysts' expectations of $347.36 million. UiPath had a net margin of 1.35% and a return on equity of 1.28%. The business's revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel Dines sold 122,733 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $11.71, for a total value of $1,437,203.43. Following the transaction, the chief executive officer directly owned 2,454,667 shares in the company, valued at approximately $28,744,150.57. This represents a 4.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 56,322 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the completion of the transaction, the chief financial officer owned 859,991 shares in the company, valued at $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,232,242 shares of company stock worth $15,209,344. Insiders own 23.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Cowen reaffirmed a "hold" rating on shares of UiPath in a research report on Friday, September 5th. Scotiabank upped their price target on shares of UiPath from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. Wall Street Zen upgraded UiPath from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 6th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.18.

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.

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