Moloney Securities Asset Management LLC Takes $865,000 Position in UiPath, Inc. (NYSE:PATH)

Moloney Securities Asset Management LLC acquired a new position in shares of UiPath, Inc. (NYSE:PATH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 84,025 shares of the company's stock, valued at approximately $865,000.

Other hedge funds also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. acquired a new position in shares of UiPath in the 1st quarter valued at about $112,000. Envestnet Asset Management Inc. boosted its holdings in shares of UiPath by 52.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 107,087 shares of the company's stock valued at $1,103,000 after buying an additional 36,674 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of UiPath by 12.6% in the 1st quarter. D.A. Davidson & CO. now owns 606,834 shares of the company's stock valued at $6,250,000 after buying an additional 67,842 shares during the period. Teacher Retirement System of Texas boosted its stake in UiPath by 83.4% during the 1st quarter. Teacher Retirement System of Texas now owns 78,485 shares of the company's stock valued at $808,000 after purchasing an additional 35,697 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new position in UiPath during the 1st quarter valued at about $266,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PATH shares. Scotiabank boosted their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. DA Davidson raised shares of UiPath to a "hold" rating in a research note on Monday, June 9th. Bank of America reissued an "underperform" rating and set a $10.00 target price (down from $18.00) on shares of UiPath in a research note on Thursday, March 13th. Evercore ISI boosted their target price on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research note on Friday, May 30th. Finally, Royal Bank Of Canada boosted their target price on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.83.

Insider Buying and Selling at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $13.17, for a total transaction of $592,650.00. Following the completion of the transaction, the chief executive officer directly owned 5,283,376 shares in the company, valued at $69,582,061.92. This represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the transaction, the chief financial officer owned 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 470,117 shares of company stock valued at $5,909,294. Corporate insiders own 23.19% of the company's stock.

UiPath Price Performance

Shares of NYSE PATH traded down $0.32 during trading hours on Friday, hitting $12.58. 2,923,228 shares of the stock were exchanged, compared to its average volume of 11,315,941. The company's 50 day moving average is $12.71 and its 200 day moving average is $12.48. The firm has a market capitalization of $6.73 billion, a P/E ratio of -104.78, a P/E/G ratio of 17.46 and a beta of 1.04. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93.

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

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.