Clear Creek Financial Management LLC Invests $266,000 in UiPath, Inc. (NYSE:PATH)

Clear Creek Financial Management LLC acquired a new stake in shares of UiPath, Inc. (NYSE:PATH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,850 shares of the company's stock, valued at approximately $266,000.

Several other hedge funds also recently bought and sold shares of PATH. Truist Financial Corp bought a new stake in UiPath during the fourth quarter valued at approximately $307,000. Bank of New York Mellon Corp lifted its holdings in shares of UiPath by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 2,437,756 shares of the company's stock worth $30,984,000 after acquiring an additional 66,100 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of UiPath in the 4th quarter worth approximately $307,000. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 1,152 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of UiPath by 409.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company's stock worth $162,000 after acquiring an additional 10,241 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Price Performance

PATH stock traded down $0.14 during trading on Monday, hitting $13.15. 6,057,532 shares of the stock traded hands, compared to its average volume of 10,412,527. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $15.93. The firm's 50 day moving average is $12.63 and its two-hundred day moving average is $12.46. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of -109.57, a price-to-earnings-growth ratio of 17.41 and a beta of 1.04.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $332.17 million. During the same period in the prior year, the firm posted $0.13 EPS. UiPath's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PATH. Morgan Stanley boosted their price objective on shares of UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Mizuho lowered their price objective on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. DA Davidson upgraded shares of UiPath to a "hold" rating in a report on Monday, June 9th. Royal Bank Of Canada upped their price target on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Finally, Truist Financial upped their price target on shares of UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a 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 MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.83.

Insider Activity

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $13.11, for a total transaction of $589,950.00. Following the transaction, the chief executive officer owned 5,373,376 shares in the company, valued at approximately $70,444,959.36. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 987,322 shares in the company, valued at $11,857,737.22. This represents a 9.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 425,117 shares of company stock worth $5,316,644 in the last 90 days. 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.