142,178 Shares in UiPath, Inc. (NYSE:PATH) Purchased by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. has acquired a new stake in UiPath, Inc., purchasing 142,178 shares valued at approximately $1.46 million during the first quarter.
• UiPath reported a quarterly earnings per share (EPS) of $0.11, surpassing expectations and marking a 6.4% increase in revenue compared to the previous year.
• Analysts have mixed reviews on UiPath, with ratings ranging from "sell" to "buy", and a consensus rating of "Hold" with an average price target of $13.83.

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 and Exchange Commission (SEC). The firm acquired 142,178 shares of the company's stock, valued at approximately $1,464,000.

Several other large investors also recently bought and sold shares of PATH. Senvest Management LLC boosted its stake in shares of UiPath by 29.2% in the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after purchasing an additional 3,180,300 shares during the period. AQR Capital Management LLC boosted its position in UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock valued at $84,209,000 after buying an additional 2,072,089 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of UiPath by 479.3% during the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company's stock valued at $58,917,000 after acquiring an additional 4,732,712 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of UiPath by 35.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,459,071 shares of the company's stock worth $69,385,000 after acquiring an additional 1,432,569 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of UiPath by 8.2% in the fourth quarter. Two Sigma Investments LP now owns 5,276,248 shares of the company's stock worth $67,061,000 after acquiring an additional 400,726 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Activity

In related news, 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 value of $559,350.00. Following the sale, the chief executive officer directly owned 5,058,376 shares in the company, valued at $62,875,613.68. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashim Gupta sold 56,322 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was 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 owned 859,991 shares of the company's stock, valued at approximately $10,939,085.52. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,310 shares of company stock valued at $10,428,922 in the last 90 days. Insiders own 23.19% of the company's stock.

UiPath Stock Down 3.1%

PATH stock traded down $0.34 during midday trading on Friday, reaching $10.60. The company had a trading volume of 5,165,553 shares, compared to its average volume of 11,743,124. The firm has a market capitalization of $5.67 billion, a PE ratio of -88.28, a P/E/G ratio of 14.70 and a beta of 1.03. The stock has a 50 day moving average price of $12.50 and a 200 day moving average price of $12.32. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last announced 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. The business had revenue of $356.62 million for the quarter, compared to the consensus estimate of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Research analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Morgan Stanley increased their target price on UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Barclays restated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. DA Davidson upgraded shares of UiPath to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen lowered shares of UiPath from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.