Ontario Teachers Pension Plan Board lessened its holdings in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 30.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,489 shares of the company's stock after selling 47,267 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in UiPath were worth $1,117,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of PATH. Franklin Resources Inc. lifted its holdings in shares of UiPath by 1,245.4% in the fourth quarter. Franklin Resources Inc. now owns 136,690 shares of the company's stock worth $1,737,000 after buying an additional 126,530 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in UiPath by 58.7% in the 4th quarter. Wells Fargo & Company MN now owns 545,166 shares of the company's stock valued at $6,929,000 after purchasing an additional 201,645 shares during the period. Russell Investments Group Ltd. grew its position in shares of UiPath by 73.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,118,774 shares of the company's stock valued at $14,220,000 after purchasing an additional 475,133 shares in the last quarter. Cerity Partners LLC grew its position in shares of UiPath by 82.2% during the 4th quarter. Cerity Partners LLC now owns 267,705 shares of the company's stock valued at $3,404,000 after purchasing an additional 120,805 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of UiPath by 10.5% in the fourth quarter. Invesco Ltd. now owns 382,800 shares of the company's stock worth $4,865,000 after purchasing an additional 36,332 shares during the period. Institutional investors own 62.50% of the company's stock.
Insider Buying and Selling at UiPath
In other UiPath news, CEO Daniel Dines sold 9,988 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $12.00, for a total transaction of $119,856.00. Following the completion of the transaction, the chief executive officer owned 4,598,388 shares of the company's stock, valued at approximately $55,180,656. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 831,310 shares of company stock worth $10,428,922 in the last 90 days. Insiders own 23.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Wall Street Zen lowered UiPath from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Royal Bank Of Canada boosted their price objective on UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Friday, May 30th. Morgan Stanley raised their target price on shares of UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Finally, Mizuho decreased their price target on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, UiPath has a consensus rating of "Hold" and an average price target of $13.83.
Get Our Latest Analysis on PATH
UiPath Stock Down 2.1%
Shares of PATH traded down $0.23 during trading hours on Monday, hitting $10.43. The company had a trading volume of 10,098,822 shares, compared to its average volume of 11,760,728. The stock's 50 day moving average price is $12.45 and its 200 day moving average price is $12.29. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93. The firm has a market cap of $5.58 billion, a P/E ratio of -86.94, a P/E/G ratio of 13.97 and a beta of 1.03.
UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. On average, research analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.
UiPath Profile
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Free Report)
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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