Campbell & CO Investment Adviser LLC Boosts Position in UiPath, Inc. $PATH

Key Points

• Campbell & CO boosted its stake in UiPath by 115.3% in Q3 to 141,752 shares valued at $1.897 million, and institutional investors now own about 62.50% of the company.
• Insiders have been net sellers: CEO Daniel Dines sold 45,000 shares and CFO Ashim Gupta sold 67,468, with insiders offloading 1,235,048 shares (~$20.47 million) over the past three months, though insiders still hold 23.19%.
• UiPath beat the most recent quarter's estimates (EPS $0.16 vs $0.14, revenue $411.1M vs $392.5M); the stock trades near $14.32 with a $7.66B market cap and a consensus analyst rating of Hold (target ~$16).

Campbell & CO Investment Adviser LLC boosted its position in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 115.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,752 shares of the company's stock after buying an additional 75,927 shares during the period. Campbell & CO Investment Adviser LLC's holdings in UiPath were worth $1,897,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of UiPath during the 2nd quarter worth approximately $28,000. AdvisorNet Financial Inc grew its position in shares of UiPath by 320.4% in the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company's stock valued at $32,000 after purchasing an additional 1,887 shares during the period. GAMMA Investing LLC lifted its position in UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company's stock worth $38,000 after buying an additional 969 shares during the period. IFP Advisors Inc grew its holdings in UiPath by 508.0% in the second quarter. IFP Advisors Inc now owns 3,283 shares of the company's stock valued at $42,000 after purchasing an additional 2,743 shares during the period. Finally, Bayforest Capital Ltd grew its position in UiPath by 852.4% during the second quarter. Bayforest Capital Ltd now owns 4,143 shares of the company's stock valued at $53,000 after acquiring an additional 3,708 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Buying and Selling

In related news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $19.21, for a total transaction of $864,450.00. Following the sale, the chief executive officer directly owned 29,153,585 shares in the company, valued at $560,040,367.85. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ashim Gupta sold 67,468 shares of the company's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the sale, the chief financial officer directly owned 557,028 shares of the company's stock, valued at approximately $8,968,150.80. This represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,235,048 shares of company stock valued at $20,467,544 over the last three months. Corporate insiders own 23.19% of the company's stock.

UiPath Stock Performance

PATH stock opened at $14.32 on Friday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 4.34 and a beta of 1.08. The stock's fifty day moving average is $15.73 and its two-hundred day moving average is $13.90.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The firm had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same period in the previous year, the business posted $0.11 EPS. UiPath's revenue was up 15.9% on a year-over-year basis. As a group, analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PATH. DA Davidson boosted their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, December 4th. Canaccord Genuity Group increased their target price on UiPath from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, December 4th. Cowen reaffirmed a "hold" rating on shares of UiPath in a research report on Thursday, December 4th. BMO Capital Markets increased their target price on UiPath from $13.00 to $17.00 and gave the stock a "market perform" rating in a report on Thursday, December 4th. Finally, Truist Financial set a $17.00 target price on UiPath in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, UiPath currently has an average rating of "Hold" and a consensus target price of $16.00.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.

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