UiPath Inc. (NYSE:PATH) Position Increased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. grew its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 111.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 736,960 shares of the company's stock after purchasing an additional 388,971 shares during the quarter. UiPath makes up approximately 1.2% of Stanley Laman Group Ltd.'s portfolio, making the stock its 12th largest holding. Stanley Laman Group Ltd. owned 0.13% of UiPath worth $7,591,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PATH. Smartleaf Asset Management LLC increased its stake in UiPath by 88.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock valued at $31,000 after purchasing an additional 1,152 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of UiPath by 198.6% during the 1st quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after acquiring an additional 1,970 shares during the period. First Horizon Advisors Inc. boosted its position in shares of UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after acquiring an additional 804 shares during the last quarter. CX Institutional purchased a new stake in UiPath in the first quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC increased its position in UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock worth $38,000 after purchasing an additional 1,742 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the completion of the sale, the chief financial officer now owns 987,322 shares in the company, valued at $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. Corporate insiders own 23.19% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PATH shares. Barclays reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Truist Financial boosted their price target on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Morgan Stanley raised their price objective on UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Evercore ISI boosted their target price on UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a report on Friday, May 30th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $13.83.

UiPath Trading Up 1.9%

NYSE PATH traded up $0.24 during trading hours on Monday, reaching $12.48. The company's stock had a trading volume of 12,260,950 shares, compared to its average volume of 11,903,223. The stock has a market cap of $6.68 billion, a PE ratio of -77.99 and a beta of 1.06. The business has a 50-day simple moving average of $12.03 and a 200 day simple moving average of $12.64. UiPath Inc. has a 52 week low of $9.38 and a 52 week high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings results 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. UiPath had a negative net margin of 6.49% and a negative return on equity of 4.14%. The company had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that UiPath Inc. will post -0.17 EPS for the current year.

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.