Circumference Group LLC Increases Stock Holdings in UiPath, Inc. $PATH

Key Points

• Circumference Group LLC increased its stake in UiPath, Inc. by 23.3%, owning 450,000 shares after acquiring 85,000 additional shares in the first quarter.
• UiPath's shares opened at $10.89 with a market capitalization of $5.82 billion and the company has a 1-year stock price range between $9.38 and $15.93.
• Analysts have varying views on UiPath, with a consensus rating of "Hold" and a target price averaging $13.83, while some firms have upgraded their price targets for the stock.

Circumference Group LLC increased its position in UiPath, Inc. (NYSE:PATH - Free Report) by 23.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,000 shares of the company's stock after purchasing an additional 85,000 shares during the quarter. UiPath accounts for 5.7% of Circumference Group LLC's portfolio, making the stock its 8th largest position. Circumference Group LLC owned 0.08% of UiPath worth $4,635,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of UiPath by 198.6% in the 1st 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 last quarter. CX Institutional acquired a new stake in shares of UiPath in the 1st quarter worth approximately $36,000. Brooklyn Investment Group boosted its stake in UiPath by 314.3% during the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company's stock valued at $46,000 after purchasing an additional 3,420 shares in the last quarter. National Bank of Canada FI bought a new stake in UiPath in the first quarter worth about $72,000. Finally, MRP Capital Investments LLC bought a new stake in shares of UiPath in the 1st quarter worth approximately $82,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Stock Up 6.0%

Shares of NYSE:PATH traded up $0.65 on Friday, reaching $11.50. The company had a trading volume of 34,541,168 shares, compared to its average volume of 10,473,805. The stock has a market capitalization of $6.15 billion, a P/E ratio of 383.30, a P/E/G ratio of 15.05 and a beta of 1.02. The stock has a 50-day moving average price of $11.76 and a 200 day moving average price of $11.82. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The firm had revenue of $361.73 million during the quarter, compared to analyst estimates of $347.36 million. UiPath had a return on equity of 1.27% and a net margin of 1.35%.The company's revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on PATH shares. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Zacks Research upgraded shares of UiPath to a "hold" rating in a report on Friday, August 8th. Evercore ISI boosted their target price on shares of UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a research note on Friday, May 30th. DA Davidson started coverage on UiPath in a research report on Friday. They issued a "neutral" rating and a $12.00 target price for the company. Finally, Canaccord Genuity Group set a $16.00 price target on UiPath and gave the company a "buy" rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, UiPath presently has a consensus rating of "Hold" and a consensus price target of $13.25.

Insider Activity

In related news, CEO Daniel Dines sold 9,988 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $12.00, for a total value of $119,856.00. Following the transaction, the chief executive officer directly owned 4,598,388 shares in the company, valued at approximately $55,180,656. This trade represents a 0.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have sold 831,310 shares of company stock worth $10,428,922. 23.19% of the stock is currently owned by corporate insiders.

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.