Teacher Retirement System of Texas Has $808,000 Holdings in UiPath, Inc. (NYSE:PATH)

Teacher Retirement System of Texas lifted its holdings in UiPath, Inc. (NYSE:PATH - Free Report) by 83.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,485 shares of the company's stock after purchasing an additional 35,697 shares during the quarter. Teacher Retirement System of Texas' holdings in UiPath were worth $808,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PATH. Steward Partners Investment Advisory LLC grew its stake in shares of UiPath by 99.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,807 shares of the company's stock worth $74,000 after purchasing an additional 2,900 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of UiPath in the fourth quarter worth $307,000. Raymond James Financial Inc. bought a new position in shares of UiPath in the fourth quarter worth $5,506,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UiPath by 57.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,834 shares of the company's stock worth $1,625,000 after purchasing an additional 46,652 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of UiPath by 141.4% in 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 in the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI increased their price target on UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a research note on Friday, May 30th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Friday, May 30th. DA Davidson upgraded UiPath to a "hold" rating in a report on Monday, June 9th. Scotiabank upped their price objective on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Finally, Barclays restated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, UiPath presently has an average rating of "Hold" and a consensus price target of $13.83.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction 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 transaction, the chief financial officer directly owned 987,322 shares of the company's stock, valued at approximately $11,857,737.22. The trade was a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $12.44, for a total value of $559,800.00. Following the transaction, the chief executive officer directly owned 5,148,376 shares in the company, valued at $64,045,797.44. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 650,117 shares of company stock worth $8,159,744 over the last three months. 23.19% of the stock is owned by insiders.

UiPath Stock Up 0.1%

Shares of NYSE PATH traded up $0.01 during mid-day trading on Wednesday, hitting $12.39. 7,388,804 shares of the company traded hands, compared to its average volume of 10,309,076. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $15.93. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -103.22, a PEG ratio of 16.22 and a beta of 1.04. The business has a 50 day moving average of $12.75 and a two-hundred day moving average of $12.46.

UiPath (NYSE:PATH - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same period in the prior year, the business posted $0.13 earnings per share. UiPath's revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

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.