UiPath Inc. (NYSE:PATH) Shares Bought by Stanley Laman Group Ltd.

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

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in shares of UiPath in the 4th quarter valued at approximately $205,000. V Square Quantitative Management LLC grew its stake in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock worth $39,000 after purchasing an additional 759 shares in the last quarter. Palumbo Wealth Management LLC acquired a new position in shares of UiPath during the fourth quarter worth $144,000. Capital Performance Advisors LLP increased its holdings in UiPath by 146.4% in the fourth quarter. Capital Performance Advisors LLP now owns 12,429 shares of the company's stock valued at $158,000 after buying an additional 7,384 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in UiPath by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company's stock valued at $187,000 after buying an additional 736 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Price Performance

Shares of NYSE:PATH traded down $0.42 on Friday, reaching $12.24. The company's stock had a trading volume of 9,238,387 shares, compared to its average volume of 10,535,357. UiPath Inc. has a 52-week low of $9.38 and a 52-week high of $15.93. The stock has a market capitalization of $6.55 billion, a P/E ratio of -76.51 and a beta of 1.06. The stock's 50-day moving average is $12.03 and its two-hundred day moving average is $12.65.

UiPath (NYSE:PATH - Get Free Report) last issued 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 return on equity of 4.14% and a negative net margin of 6.49%. The firm had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts forecast that UiPath Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PATH. Barclays reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Morgan Stanley upped their price target on UiPath from $12.00 to $15.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Wells Fargo & Company reissued an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Canaccord Genuity Group set a $16.00 price objective on shares of UiPath and gave the stock a "buy" rating in a research report on Monday, June 2nd. Finally, Mizuho dropped their target price on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.83.

Insider Activity

In other UiPath news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, the chief accounting officer now owns 314,891 shares of the company's stock, valued at approximately $3,208,739.29. The trade was a 3.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $1,186,527.95. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 23.19% of the company's stock.

About UiPath

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.