Invictus Private Wealth LLC Sells 72,000 Shares of UiPath, Inc. (NYSE:PATH)

Key Points

• Invictus Private Wealth LLC significantly reduced its stake in UiPath, Inc. by 77.4%, selling 72,000 shares and leaving them with 21,000 shares worth approximately $216,000.
• Several institutional investors, like Tidal Investments and True Wealth Design, increased their stakes in UiPath during the last quarter, highlighting a mixed sentiment among institutional holders.
• UiPath reported a surprising revenue increase of 6.4% to $356.62 million for the quarter, surpassing analysts' expectations and achieving an EPS of $0.11 against an anticipated $0.10.

Invictus Private Wealth LLC decreased its stake in UiPath, Inc. (NYSE:PATH - Free Report) by 77.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,000 shares of the company's stock after selling 72,000 shares during the quarter. Invictus Private Wealth LLC's holdings in UiPath were worth $216,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PATH. XTX Topco Ltd acquired a new stake in UiPath in the first quarter valued at $545,000. Federated Hermes Inc. boosted its holdings in UiPath by 479.3% in the 1st quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock valued at $58,917,000 after purchasing an additional 4,732,712 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in UiPath in the 1st quarter valued at approximately $105,000. MRP Capital Investments LLC purchased a new stake in shares of UiPath during the 1st quarter worth approximately $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UiPath by 6.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,922 shares of the company's stock worth $1,400,000 after acquiring an additional 8,088 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Activity

In related news, CFO Ashim Gupta sold 56,322 shares of UiPath stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of UiPath 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 transaction, the chief executive officer directly owned 5,058,376 shares of the company's stock, valued at $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. Insiders have sold a total of 831,310 shares of company stock valued at $10,428,922 over the last three months. 23.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PATH. Royal Bank Of Canada lifted their price objective on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. BMO Capital Markets boosted their price target on UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a report on Friday, May 30th. Truist Financial boosted their price target on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a report on Friday, May 30th. Wall Street Zen downgraded UiPath from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Barclays reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, UiPath presently has a consensus rating of "Hold" and an average price target of $13.83.

UiPath Trading Down 0.7%

PATH traded down $0.08 during trading on Tuesday, hitting $11.27. The stock had a trading volume of 4,809,355 shares, compared to its average volume of 11,794,078. The firm has a market cap of $6.03 billion, a PE ratio of -94.03, a P/E/G ratio of 14.55 and a beta of 1.03. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $15.93. The company has a 50 day simple moving average of $12.61 and a 200-day simple moving average of $12.35.

UiPath (NYSE:PATH - Get Free Report) last posted 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. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The company had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. During the same period last year, the business posted $0.13 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

About UiPath

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.