D.A. Davidson & CO. Has $6.25 Million Holdings in UiPath, Inc. (NYSE:PATH)

D.A. Davidson & CO. lifted its holdings in UiPath, Inc. (NYSE:PATH - Free Report) by 12.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606,834 shares of the company's stock after acquiring an additional 67,842 shares during the quarter. D.A. Davidson & CO. owned approximately 0.11% of UiPath worth $6,250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC raised its position in 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 purchasing an additional 1,152 shares during the last quarter. Versant Capital Management Inc raised its position in UiPath by 198.6% in the 1st quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after purchasing an additional 1,970 shares during the last quarter. CX Institutional bought a new position in UiPath in the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its position in UiPath by 141.4% in the 4th 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 during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in UiPath in the 4th quarter worth approximately $50,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PATH shares. Needham & Company LLC restated a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Bank of America reiterated an "underperform" rating and set a $10.00 target price (down previously from $18.00) on shares of UiPath in a research report on Thursday, March 13th. Barclays reiterated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Finally, Canaccord Genuity Group set a $16.00 target price on shares of UiPath and gave the company a "buy" rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $13.83.

UiPath Stock Up 3.3%

PATH opened at $13.27 on Friday. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $15.93. The company has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $12.47. The stock has a market cap of $7.10 billion, a P/E ratio of -110.57, a P/E/G ratio of 17.41 and a beta of 1.04.

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

Insiders Place Their Bets

In related news, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.54, for a total value of $564,300.00. Following the completion of the transaction, the chief executive officer directly owned 5,463,376 shares of the company's stock, valued at approximately $68,510,735.04. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the completion of the transaction, the chief financial officer directly owned 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 380,117 shares of company stock valued at $4,726,694. Company insiders own 23.19% of the company's stock.

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.

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