Oppenheimer & Co. Inc. Has $325,000 Holdings in UiPath, Inc. (NYSE:PATH)

Oppenheimer & Co. Inc. trimmed its position in UiPath, Inc. (NYSE:PATH - Free Report) by 89.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,598 shares of the company's stock after selling 282,649 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in UiPath were worth $325,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PATH. Tidal Investments LLC boosted its stake in UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company's stock worth $286,000 after purchasing an additional 797 shares during the period. True Wealth Design LLC lifted its holdings in shares of UiPath by 18.4% in the fourth quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock valued at $66,000 after purchasing an additional 801 shares in the last quarter. Amalgamated Bank boosted its position in shares of UiPath by 3.1% in the fourth quarter. Amalgamated Bank now owns 28,148 shares of the company's stock worth $358,000 after buying an additional 836 shares during the period. United Capital Financial Advisors LLC grew its holdings in shares of UiPath by 8.6% during the fourth quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company's stock valued at $156,000 after buying an additional 971 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in UiPath by 6.8% during the fourth quarter. NewEdge Advisors LLC now owns 15,809 shares of the company's stock valued at $201,000 after buying an additional 1,003 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Stock Up 1.3%

Shares of PATH stock opened at $12.85 on Thursday. The business's 50 day moving average is $12.53 and its two-hundred day moving average is $12.48. The company has a market cap of $6.88 billion, a PE ratio of -107.07, a price-to-earnings-growth ratio of 16.62 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 released its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share 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 analyst estimates of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The business's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, equities analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $12.54, for a total transaction of $564,300.00. Following the completion of the transaction, the chief executive officer directly owned 5,463,376 shares in the company, valued at $68,510,735.04. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 56,322 shares of the firm's stock in a transaction on 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 sale, the chief financial officer owned 859,991 shares in the company, valued at approximately $10,939,085.52. The trade was a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 380,117 shares of company stock worth $4,726,694 in the last ninety days. Insiders own 23.19% of the company's stock.

Analysts Set New Price Targets

PATH has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Royal Bank Of Canada boosted their price objective on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research report on Friday, May 30th. Scotiabank upped their price objective 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. Barclays reiterated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Finally, Canaccord Genuity Group set a $16.00 price target on shares of UiPath and gave the company a "buy" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.

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