Jackson Creek Investment Advisors LLC Makes New Investment in UiPath, Inc. $PATH

Key Points

• Jackson Creek Investment Advisors initiated a new position in UiPath during Q3, acquiring 118,000 shares worth about $1.579 million.
• Several large funds (TFG, AQR, Federated Hermes, State Street) substantially increased stakes—UiPath is roughly 62.5% institutionally owned—while insiders have sold nearly 995,048 shares in the past 90 days (insiders own 23.19%).
• UiPath beat quarterly estimates (EPS $0.16 vs $0.14; revenue $411.1M vs $392.5M), but analysts carry a consensus “Hold” rating with a $16 target and the company has a market cap of about $6.68 billion.

Jackson Creek Investment Advisors LLC acquired a new position in shares of UiPath, Inc. (NYSE:PATH - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 118,000 shares of the company's stock, valued at approximately $1,579,000.

Other institutional investors and hedge funds have also modified their holdings of the company. TFG Asset Management GP Ltd boosted its stake in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company's stock worth $175,645,000 after buying an additional 4,772,244 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock worth $145,732,000 after acquiring an additional 4,926,341 shares during the period. Federated Hermes Inc. lifted its holdings in shares of UiPath by 40.7% during the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company's stock worth $103,019,000 after acquiring an additional 2,328,225 shares during the period. State Street Corp boosted its position in shares of UiPath by 5.0% during the 2nd quarter. State Street Corp now owns 8,032,345 shares of the company's stock valued at $102,814,000 after acquiring an additional 378,851 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in UiPath in the second quarter valued at about $102,559,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Stock Performance

UiPath stock opened at $12.49 on Tuesday. The business's fifty day moving average is $15.81 and its two-hundred day moving average is $14.01. The firm has a market cap of $6.68 billion, a P/E ratio of 29.74, a P/E/G ratio of 3.69 and a beta of 1.07. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84.

UiPath (NYSE:PATH - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. On average, equities research analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current year.

Insider Activity at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $19.21, for a total value of $864,450.00. Following the transaction, the chief executive officer directly owned 29,153,585 shares in the company, valued at approximately $560,040,367.85. This trade represents a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the completion of the sale, the chief financial officer directly owned 557,028 shares of the company's stock, valued at $8,968,150.80. This trade represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 995,048 shares of company stock valued at $16,559,894 in the last 90 days. 23.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PATH. Zacks Research upgraded shares of UiPath from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 30th. Wall Street Zen upgraded UiPath from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Weiss Ratings reiterated a "hold (c)" rating on shares of UiPath in a research report on Monday, December 29th. TD Cowen reiterated a "hold" rating on shares of UiPath in a research note on Thursday, December 4th. Finally, Morgan Stanley boosted their target price on shares of UiPath from $15.00 to $19.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, UiPath presently has a consensus rating of "Hold" and a consensus target price of $16.00.

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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.

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