Moloney Securities Asset Management LLC Purchases Shares of 84,025 UiPath, Inc. (NYSE:PATH)

Moloney Securities Asset Management LLC acquired a new position in UiPath, Inc. (NYSE:PATH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 84,025 shares of the company's stock, valued at approximately $865,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of UiPath in the fourth quarter worth approximately $307,000. Smartleaf Asset Management LLC lifted its stake in shares of UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of UiPath by 409.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,743 shares of the company's stock worth $162,000 after buying an additional 10,241 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of UiPath by 99.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock worth $74,000 after buying an additional 2,900 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of UiPath in the fourth quarter worth approximately $5,506,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Stock Performance

Shares of NYSE PATH traded down $0.53 during midday trading on Friday, reaching $12.36. The stock had a trading volume of 5,898,711 shares, compared to its average volume of 10,290,384. The stock has a 50-day moving average of $12.72 and a 200-day moving average of $12.46. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of -102.99, a price-to-earnings-growth ratio of 16.18 and a beta of 1.04. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $356.62 million during the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. As a group, analysts forecast that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PATH shares. Royal Bank Of Canada upped their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Evercore ISI increased their price objective on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research report on Friday, May 30th. DA Davidson upgraded shares of UiPath to a "hold" rating in a research report on Monday, June 9th. Truist Financial increased their price objective 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. Finally, Barclays restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.83.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Friday, July 11th. The shares were sold at an average price of $12.71, for a total value of $571,950.00. Following the sale, the chief executive officer directly owned 5,193,376 shares in the company, valued at approximately $66,007,808.96. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashim Gupta sold 56,322 shares of UiPath stock in a transaction on 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 sale, the chief financial officer owned 859,991 shares in the company, valued at approximately $10,939,085.52. This represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 515,117 shares of company stock valued at $6,481,244. Corporate insiders own 23.19% of the company's stock.

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.