Invesco Ltd. Grows Stock Holdings in UiPath, Inc. $PATH

Key Points

• Invesco Ltd. increased its shares in UiPath, Inc. by 18.8%, owning approximately 0.08% of the company, valued at $4.7 million after the first quarter.
• Wall Street analysts have mixed views on UiPath, with current ratings indicating two buys, thirteen holds, and two sells, along with an average price target of $13.83.
• Recent insider transactions included CFO Ashim Gupta and CEO Daniel Dines selling shares totaling over $1.27 million, reflecting a decrease in their respective ownership stakes.

Invesco Ltd. increased its position in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 454,849 shares of the company's stock after buying an additional 72,049 shares during the quarter. Invesco Ltd. owned about 0.08% of UiPath worth $4,685,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in 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 purchasing an additional 1,970 shares in the last quarter. CX Institutional purchased a new stake in shares of UiPath in the first quarter worth approximately $36,000. True Wealth Design LLC raised 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 worth $66,000 after purchasing an additional 801 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of UiPath in the first quarter worth approximately $72,000. Finally, MRP Capital Investments LLC purchased a new stake in shares of UiPath in the first quarter worth approximately $82,000. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Price Performance

Shares of NYSE PATH traded down $0.14 during midday trading on Friday, reaching $11.12. The company's stock had a trading volume of 7,783,026 shares, compared to its average volume of 10,100,680. The firm has a 50 day moving average price of $11.91 and a 200-day moving average price of $11.95. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The stock has a market capitalization of $5.95 billion, a P/E ratio of -92.66, a PEG ratio of 14.57 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. UiPath's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen downgraded UiPath from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Truist Financial increased their price objective on UiPath from $12.00 to $13.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Barclays reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Morgan Stanley boosted their target price on UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, BMO Capital Markets boosted their target price on UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.83.

Insider Activity at UiPath

In related news, CEO Daniel Dines sold 9,988 shares of UiPath stock in a transaction that occurred 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 sale, the chief executive officer owned 4,598,388 shares of the company's stock, valued at approximately $55,180,656. The trade was a 0.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 831,310 shares of company stock valued at $10,428,922. Insiders own 23.19% of the company's stock.

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.