Invictus Private Wealth LLC Trims Stake in 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 reduced its position in UiPath, Inc. (NYSE:PATH - Free Report) by 77.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 21,000 shares of the company's stock after selling 72,000 shares during the period. Invictus Private Wealth LLC's holdings in UiPath were worth $216,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its position in UiPath by 3.7% during the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock worth $286,000 after purchasing an additional 797 shares during the period. True Wealth Design LLC increased its position in UiPath by 18.4% during the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after purchasing an additional 801 shares during the period. United Capital Financial Advisors LLC increased its position in UiPath by 8.6% during the 4th quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock worth $156,000 after purchasing an additional 971 shares during the period. NewEdge Advisors LLC increased its position in UiPath by 6.8% during the 4th quarter. NewEdge Advisors LLC now owns 15,809 shares of the company's stock worth $201,000 after purchasing an additional 1,003 shares during the period. Finally, Xponance Inc. increased its position in UiPath by 2.0% during the 1st quarter. Xponance Inc. now owns 54,246 shares of the company's stock worth $559,000 after purchasing an additional 1,054 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Stock Down 2.0%

Shares of UiPath stock opened at $11.77 on Friday. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $15.93. The firm has a market cap of $6.29 billion, a PE ratio of -98.03, a P/E/G ratio of 15.73 and a beta of 1.04. The business's fifty day moving average is $12.65 and its two-hundred day moving average is $12.39.

UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The company had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. During the same quarter in the prior year, the company posted $0.13 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PATH. Wall Street Zen raised UiPath from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Barclays reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Canaccord Genuity Group set a $16.00 price target on UiPath and gave the stock a "buy" rating in a research note on Monday, June 2nd. Scotiabank boosted their price target on UiPath from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Finally, BMO Capital Markets boosted their price target on UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, UiPath presently has a consensus rating of "Hold" and a consensus target price of $13.83.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total transaction of $559,350.00. Following the transaction, the chief executive officer owned 5,058,376 shares of the company's stock, valued at $62,875,613.68. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 56,322 shares of the stock in a transaction on Wednesday, July 2nd. The stock was 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 in the company, valued at approximately $10,939,085.52. This represents a 6.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 821,322 shares of company stock worth $10,309,066. Corporate insiders own 23.19% of the company's stock.

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.

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