Inspire Investing LLC Buys New Stake in UiPath, Inc. $PATH

Key Points

• Inspire Investing acquired 78,610 UiPath shares during the third quarter, representing a new stake valued at approximately $1.01 million. Institutional investors collectively own 62.5% of PATH stock.
• UiPath reported quarterly revenue of $410.26 million, up 13.3% year over year, while earnings per share of $0.15 matched analyst expectations.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and an average price target of $15.69. Meanwhile, company insiders sold nearly 3 million shares worth about $43.6 million over the past 90 days.

Inspire Investing LLC purchased a new stake in UiPath, Inc. (NYSE:PATH - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 78,610 shares of the company's stock, valued at approximately $1,009,000.

Other large investors have also recently bought and sold shares of the company. Pasadena Private Wealth LLC lifted its holdings in shares of UiPath by 9.0% during the first quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company's stock valued at $142,000 after acquiring an additional 1,050 shares during the period. CoreCap Advisors LLC increased its position in shares of UiPath by 68.7% during the 3rd quarter. CoreCap Advisors LLC now owns 2,679 shares of the company's stock worth $34,000 after purchasing an additional 1,091 shares in the last quarter. Allworth Financial LP lifted its holdings in UiPath by 5.2% during the 2nd quarter. Allworth Financial LP now owns 23,537 shares of the company's stock valued at $256,000 after purchasing an additional 1,160 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in UiPath by 5.6% during the 4th quarter. Corient Private Wealth LLC now owns 27,283 shares of the company's stock valued at $447,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its position in UiPath by 14.0% in the second quarter. Wedbush Securities Inc. now owns 11,920 shares of the company's stock valued at $130,000 after buying an additional 1,465 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Price Performance

PATH stock opened at $14.32 on Tuesday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The stock has a market capitalization of $7.46 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a 50 day moving average price of $14.46 and a 200 day moving average price of $12.50.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $410.26 million for the quarter, compared to analysts' expectations of $397.77 million. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. As a group, equities analysts expect that UiPath, Inc. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on PATH shares. Truist Financial decreased their price objective on shares of UiPath from $17.00 to $14.00 and set a "hold" rating on the stock in a research note on Wednesday, September 23rd. Oppenheimer reaffirmed a "market perform" rating on shares of UiPath in a report on Friday, September 4th. Canaccord Genuity Group cut their target price on shares of UiPath from $17.00 to $14.00 and set a "hold" rating for the company in a research note on Thursday, September 24th. Barclays boosted their target price on UiPath from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, September 4th. Finally, New Street Research set a $15.00 target price on UiPath in a report on Thursday, September 24th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $15.69.

Insider Buying and Selling at UiPath

In other UiPath news, COO Ashim Gupta sold 117,339 shares of the company's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $13.85, for a total transaction of $1,625,145.15. Following the transaction, the chief operating officer directly owned 2,037,377 shares in the company, valued at approximately $28,217,671.45. This represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Dines sold 1,402,347 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $16.07, for a total transaction of $22,535,716.29. Following the completion of the transaction, the chief executive officer owned 26,491,238 shares in the company, valued at $425,714,194.66. This represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,962,735 shares of company stock valued at $43,584,098. 22.44% of the stock is currently owned by company insiders.

UiPath Profile

UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.

The company's products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.

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