UiPath, Inc. (NYSE:PATH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 44.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 200,837 shares of the company's stock after selling 158,403 shares during the quarter. New York State Common Retirement Fund's holdings in UiPath were worth $2,069,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC purchased a new stake in UiPath during the 1st quarter worth about $266,000. Invesco Ltd. lifted its holdings in UiPath by 10.5% during the 4th quarter. Invesco Ltd. now owns 382,800 shares of the company's stock worth $4,865,000 after purchasing an additional 36,332 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in UiPath by 32.2% during the 1st quarter. Pallas Capital Advisors LLC now owns 84,776 shares of the company's stock worth $873,000 after purchasing an additional 20,667 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of UiPath by 280.3% in the 4th quarter. Deutsche Bank AG now owns 1,505,585 shares of the company's stock valued at $19,136,000 after acquiring an additional 1,109,669 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of UiPath in the 4th quarter worth approximately $71,191,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group set a $16.00 price objective on UiPath and gave the stock a "buy" rating in a research report on Monday, June 2nd. Royal Bank Of Canada lifted their price objective on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, May 30th. Wall Street Zen upgraded UiPath from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Evercore ISI raised their target price on UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research note on Friday, May 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, UiPath presently has an average rating of "Hold" and an average target price of $13.83.

UiPath Stock Down 1.3%

NYSE PATH traded down $0.16 on Friday, reaching $12.17. The stock had a trading volume of 19,075,504 shares, compared to its average volume of 11,047,269. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of -101.37, a P/E/G ratio of 15.96 and a beta of 1.04. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The stock has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $12.42.

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, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. Sell-side analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $12.25, for a total value of $551,250.00. Following the sale, the chief executive officer directly owned 4,743,376 shares in the company, valued at approximately $58,106,356. This trade represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 830,117 shares of company stock valued at $10,405,694 in the last 90 days. 23.19% of the stock is currently owned by company insiders.

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.