Clear Creek Financial Management LLC Purchases New Holdings in UiPath, Inc. (NYSE:PATH)

Clear Creek Financial Management LLC acquired a new position in UiPath, Inc. (NYSE:PATH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,850 shares of the company's stock, valued at approximately $266,000.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of UiPath by 88.5% in the 4th 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 during the last quarter. Versant Capital Management Inc boosted its stake in UiPath by 198.6% in the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $31,000 after acquiring an additional 1,970 shares in the last quarter. CX Institutional purchased a new position in UiPath in the first quarter worth $36,000. EverSource Wealth Advisors LLC increased its position in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of UiPath during the 4th quarter valued at $50,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Trading Up 3.3%

Shares of UiPath stock traded up $0.42 on Friday, reaching $13.27. 6,853,764 shares of the stock were exchanged, compared to its average volume of 10,418,757. The firm has a market capitalization of $7.10 billion, a PE ratio of -110.57, a PEG ratio of 16.83 and a beta of 1.04. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $15.93. The business has a fifty day moving average price of $12.57 and a two-hundred day moving average price of $12.48.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The company had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same period last year, the firm earned $0.13 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

PATH has been the topic of several recent analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Barclays restated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Royal Bank Of Canada increased their price objective on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th. DA Davidson upgraded shares of UiPath to a "hold" rating in a research note on Monday, June 9th. Finally, UBS Group decreased their price target 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.83.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $12.54, for a total transaction of $564,300.00. Following the transaction, the chief executive officer owned 5,463,376 shares of the company's stock, valued at $68,510,735.04. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the transaction, the chief financial officer owned 987,322 shares in the company, valued at $11,857,737.22. This trade represents a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 380,117 shares of company stock valued at $4,726,694. Company 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.