UiPath Inc. (NYSE:PATH) Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 100.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 85,290 shares of the company's stock after acquiring an additional 42,645 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in UiPath were worth $878,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of UiPath by 88.5% during 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 period. Versant Capital Management Inc raised its stake in UiPath by 198.6% during the first 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 period. First Horizon Advisors Inc. raised its stake in UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares during the period. CX Institutional acquired a new position in shares of UiPath in the 1st quarter valued at $36,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after buying an additional 1,742 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Stock Down 3.3%

Shares of NYSE PATH traded down $0.42 during trading on Friday, reaching $12.24. 9,238,387 shares of the stock were exchanged, compared to its average volume of 10,530,655. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of -76.51 and a beta of 1.06. The business's 50-day moving average price is $12.03 and its 200 day moving average price is $12.66. UiPath Inc. has a twelve month low of $9.38 and a twelve month high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $356.62 million for the quarter, compared to the consensus estimate of $332.17 million. UiPath had a negative net margin of 6.49% and a negative return on equity of 4.14%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. As a group, sell-side analysts expect that UiPath Inc. will post -0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. This trade represents a 3.82% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the sale, the chief financial officer now directly owns 987,322 shares of the company's stock, valued at approximately $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. 23.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PATH. Evercore ISI increased their target price on UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating 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. Canaccord Genuity Group set a $16.00 target price on UiPath and gave the stock a "buy" rating in a report on Monday, June 2nd. DA Davidson raised shares of UiPath to a "hold" rating in a research report on Monday, June 9th. Finally, Truist Financial raised 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 investment 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, the company presently has a consensus rating of "Hold" and a consensus price target of $13.83.

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.