Graham Capital Management L.P. Has $1.70 Million Position in UiPath, Inc. $PATH

Key Points

• Graham Capital Management L.P. reduced its stake in UiPath, Inc. by 44.5% during the first quarter, now holding shares valued at approximately $1.70 million.
• UiPath has recently seen mixed activity from investors, with Bank of Nova Scotia acquiring a $3.9 million stake and Deutsche Bank AG increasing theirs by 3.8%.
• UiPath's stock has a consensus rating of "Hold" with an average target price of $13.83 as per various Wall Street analysts' reports.

Graham Capital Management L.P. lowered its position in UiPath, Inc. (NYSE:PATH - Free Report) by 44.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,272 shares of the company's stock after selling 132,662 shares during the quarter. Graham Capital Management L.P.'s holdings in UiPath were worth $1,702,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia acquired a new stake in UiPath in the first quarter valued at $3,907,000. Deutsche Bank AG lifted its stake in shares of UiPath by 3.8% during the 1st quarter. Deutsche Bank AG now owns 1,562,306 shares of the company's stock worth $16,092,000 after buying an additional 56,721 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of UiPath during the 1st quarter worth about $11,016,000. Clear Creek Financial Management LLC acquired a new stake in shares of UiPath during the 1st quarter worth about $266,000. Finally, Blueshift Asset Management LLC acquired a new stake in shares of UiPath during the 1st quarter worth about $241,000. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Stock Performance

NYSE:PATH opened at $10.92 on Wednesday. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $15.93. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of -90.95, a P/E/G ratio of 14.57 and a beta of 1.02. The firm's 50-day simple moving average is $11.85 and its 200 day simple moving average is $11.90.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 56,322 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total value of $716,415.84. Following the transaction, the chief financial officer directly owned 859,991 shares of the company's stock, valued at $10,939,085.52. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $12.43, for a total transaction of $559,350.00. Following the completion of the transaction, the chief executive officer directly owned 5,058,376 shares in the company, valued at approximately $62,875,613.68. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 831,310 shares of company stock worth $10,428,922. 23.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of research reports. Evercore ISI raised their target price on shares of UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a research note on Friday, May 30th. Royal Bank Of Canada raised their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Morgan Stanley raised their target price on shares of UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Wall Street Zen cut shares of UiPath from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, BMO Capital Markets raised their target price on shares of UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, UiPath presently has a consensus rating of "Hold" and an average price target of $13.83.

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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