D.A. Davidson & CO. Purchases 67,842 Shares of UiPath, Inc. (NYSE:PATH)

D.A. Davidson & CO. increased its holdings in UiPath, Inc. (NYSE:PATH - Free Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,834 shares of the company's stock after purchasing an additional 67,842 shares during the period. D.A. Davidson & CO. owned 0.11% of UiPath worth $6,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in shares of UiPath by 83.4% during the first quarter. Teacher Retirement System of Texas now owns 78,485 shares of the company's stock worth $808,000 after acquiring an additional 35,697 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in UiPath in the 1st quarter worth $266,000. Smith Group Asset Management LLC boosted its holdings in shares of UiPath by 12.6% during the 1st quarter. Smith Group Asset Management LLC now owns 75,990 shares of the company's stock valued at $783,000 after purchasing an additional 8,530 shares during the last quarter. KBC Group NV grew its position in shares of UiPath by 19.4% during the first quarter. KBC Group NV now owns 19,997 shares of the company's stock valued at $206,000 after purchasing an additional 3,243 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of UiPath by 13.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,811 shares of the company's stock valued at $800,000 after purchasing an additional 9,125 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of research reports. UBS Group dropped their price target on UiPath from $14.00 to $10.00 and set a "sell" rating for the company in a research note on Thursday, March 13th. Mizuho decreased their price objective on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a 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 research report on Friday, May 30th. Bank of America reissued an "underperform" rating and issued a $10.00 target price (down from $18.00) on shares of UiPath in a report on Thursday, March 13th. Finally, Evercore ISI upped their price target on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, UiPath presently has a consensus rating of "Hold" and an average price target of $13.83.

Insider Buying and Selling at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $13.11, for a total value of $589,950.00. Following the sale, the chief executive officer owned 5,373,376 shares in the company, valued at $70,444,959.36. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction on 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 sale, the chief financial officer directly owned 987,322 shares of the company's stock, 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. Insiders sold a total of 425,117 shares of company stock worth $5,316,644 in the last ninety days. 23.19% of the stock is currently owned by corporate insiders.

UiPath Price Performance

Shares of UiPath stock traded up $0.06 during trading on Tuesday, hitting $13.22. The stock had a trading volume of 7,180,697 shares, compared to its average volume of 10,402,867. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $15.93. The firm's fifty day simple moving average is $12.66 and its 200-day simple moving average is $12.47. The stock has a market cap of $7.07 billion, a PE ratio of -110.16, a PEG ratio of 17.24 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 earnings per share (EPS) for the quarter, topping 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 business had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. Analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

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.