Jupiter Asset Management Ltd. Takes $1.46 Million Position in UiPath, Inc. (NYSE:PATH)

Jupiter Asset Management Ltd. acquired a new stake in UiPath, Inc. (NYSE:PATH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 142,178 shares of the company's stock, valued at approximately $1,464,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of UiPath by 198.6% in the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $31,000 after buying an additional 1,970 shares during the period. CX Institutional acquired a new stake in UiPath during the 1st quarter valued at approximately $36,000. 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 valued at $66,000 after purchasing an additional 801 shares during the period. MRP Capital Investments LLC acquired a new stake in UiPath during the 1st quarter valued at approximately $82,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in UiPath during the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Stock Up 1.9%

Shares of PATH opened at $11.33 on Tuesday. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The business's fifty day moving average is $12.61 and its 200 day moving average is $12.35. The stock has a market cap of $6.06 billion, a P/E ratio of -94.37, a P/E/G ratio of 14.55 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) 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 analysts' expectations of $332.17 million. During the same period last year, the business earned $0.13 EPS. UiPath's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the firm's 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 directly owned 5,058,376 shares in the company, valued at approximately $62,875,613.68. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 56,322 shares of the firm's stock in a transaction on 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 owned 859,991 shares in the company, valued at approximately $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,310 shares of company stock worth $10,428,922. 23.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets increased their target price on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research report on Friday, May 30th. Scotiabank increased their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th. Royal Bank Of Canada raised their price objective on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. Finally, Canaccord Genuity Group set a $16.00 price objective on shares of UiPath and gave the stock a "buy" rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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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