UiPath, Inc. (NYSE:PATH) Shares Purchased by Teacher Retirement System of Texas

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc raised its position in shares of UiPath by 198.6% during the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $31,000 after purchasing an additional 1,970 shares during the period. CX Institutional bought a new stake in shares of UiPath during the 1st quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its holdings in shares of UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after acquiring an additional 1,742 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of UiPath in the fourth quarter worth $50,000. Finally, True Wealth Design LLC increased its stake 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 buying an additional 801 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PATH shares. Morgan Stanley lifted their target price on shares of UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Truist Financial upped their target price on UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Mizuho lowered their target price on UiPath from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Needham & Company LLC restated a "hold" rating on shares of UiPath in a report on Friday, May 30th. Finally, Royal Bank Of Canada lifted their price objective on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $13.83.

UiPath Trading Up 0.7%

Shares of NYSE PATH traded up $0.09 during midday trading on Friday, hitting $12.42. The company's stock had a trading volume of 4,495,385 shares, compared to its average volume of 11,310,786. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The business's 50 day moving average is $12.75 and its two-hundred day moving average is $12.45. The firm has a market cap of $6.64 billion, a P/E ratio of -103.37, a price-to-earnings-growth ratio of 16.24 and a beta of 1.04.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $332.17 million. During the same quarter in the prior year, the company earned $0.13 EPS. The business's revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Activity

In other UiPath news, CFO Ashim Gupta sold 98,795 shares of the company'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 sale, the chief financial officer owned 987,322 shares in the company, valued at approximately $11,857,737.22. This represents a 9.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Daniel Dines sold 45,000 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $12.44, for a total value of $559,800.00. Following the completion of the transaction, the chief executive officer directly owned 5,148,376 shares of the company's stock, valued at $64,045,797.44. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 650,117 shares of company stock valued at $8,159,744. Company 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.