UiPath, Inc. $PATH Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH significantly reduced its holdings in UiPath, Inc. by 95.3%, selling 189,788 shares and leaving them with only 9,260 shares valued at $99,000.
• Three other institutional investors increased their stakes in UiPath during the first quarter, including Brooklyn Investment Group, which saw their holdings grow by 314.3%.
• UiPath reported a quarterly earnings per share of $0.11, surpassing analysts' expectations, with revenue of $356.62 million, which is a 6.4% increase compared to the same quarter last year.

Erste Asset Management GmbH lowered its holdings in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 95.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,260 shares of the company's stock after selling 189,788 shares during the period. Erste Asset Management GmbH's holdings in UiPath were worth $99,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in 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 acquiring an additional 1,970 shares during the last quarter. CX Institutional purchased a new stake in shares of UiPath during the first quarter worth about $36,000. Brooklyn Investment Group grew its holdings in shares of UiPath by 314.3% during the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company's stock worth $46,000 after buying an additional 3,420 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of UiPath by 18.4% during the fourth quarter. True Wealth Design LLC now owns 5,163 shares of the company's stock worth $66,000 after buying an additional 801 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of UiPath during the first quarter worth about $72,000. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Stock Performance

UiPath stock opened at $11.1350 on Friday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $15.93. The firm has a 50 day moving average price of $12.04 and a 200 day moving average price of $12.08. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -92.78, a PEG ratio of 14.27 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The firm had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same period in the previous year, the firm earned $0.13 earnings per share. UiPath's revenue was up 6.4% compared to the same quarter last year. UiPath has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Transactions at UiPath

In related news, CEO Daniel Dines sold 9,988 shares of the business's 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 completion of the sale, the chief executive officer directly owned 4,598,388 shares in the company, valued at approximately $55,180,656. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 831,310 shares of company stock valued at $10,428,922 in the last ninety days. 23.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PATH shares. BMO Capital Markets lifted their price target on shares of UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a report on Friday, May 30th. Scotiabank lifted their price target on shares of UiPath from $12.00 to $13.00 and gave the stock a "sector perform" rating in a report on Friday, May 30th. Evercore ISI lifted their price target on shares of UiPath from $11.00 to $15.00 and gave the stock an "in-line" rating in a report on Friday, May 30th. Barclays reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Finally, Wall Street Zen downgraded shares of UiPath from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $13.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.