California State Teachers Retirement System Has $5.01 Million Position in UiPath Inc. (NYSE:PATH)

California State Teachers Retirement System trimmed its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,170 shares of the company's stock after selling 23,707 shares during the quarter. California State Teachers Retirement System owned 0.07% of UiPath worth $5,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PATH. Smartleaf Asset Management LLC boosted its holdings in UiPath by 88.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after acquiring an additional 1,742 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after acquiring an additional 759 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of UiPath during the fourth quarter worth $50,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $127,375.00. Following the sale, the chief accounting officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $12.01, for a total value of $1,186,527.95. Following the transaction, the chief financial officer now owns 987,322 shares in the company, valued at $11,857,737.22. This represents a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.19% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PATH shares. Canaccord Genuity Group lifted their target price on shares of UiPath from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Monday. Mizuho lowered their price objective on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Scotiabank increased their target price on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Truist Financial raised their target price on UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Finally, BMO Capital Markets upped their price target on UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, UiPath has a consensus rating of "Hold" and an average price target of $13.83.

UiPath Stock Performance

Shares of UiPath stock traded up $0.24 during midday trading on Thursday, reaching $13.29. 8,938,955 shares of the company's stock traded hands, compared to its average volume of 12,016,332. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $15.93. The company's 50 day simple moving average is $11.65 and its 200 day simple moving average is $12.69. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -83.03 and a beta of 1.01.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $356.62 million for 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 business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. As a group, equities research analysts predict that UiPath Inc. will post -0.17 earnings per share for the current year.

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.