UiPath, Inc. $PATH Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its holdings in UiPath by 4.5% during the first quarter, selling 85,161 shares and owning approximately 0.33% of the company, worth $18,548,000 at the end of the quarter.
• UiPath's stock opened at $10.83, with a market cap of $5.79 billion and a 12-month low of $9.38, indicating recent fluctuations in share value.
• Wall Street analysts have mixed views on UiPath, with a consensus rating of "Hold" and an average target price of $13.83, as two analysts rated it a "Buy," while thirteen issued "Hold" ratings.

Ieq Capital LLC lessened its holdings in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800,743 shares of the company's stock after selling 85,161 shares during the quarter. Ieq Capital LLC owned approximately 0.33% of UiPath worth $18,548,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PATH. Versant Capital Management Inc grew its holdings in shares of UiPath by 198.6% during the 1st quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock valued at $31,000 after acquiring an additional 1,970 shares in the last quarter. CX Institutional acquired a new position in shares of UiPath during the 1st quarter worth about $36,000. Brooklyn Investment Group boosted its position in shares of UiPath by 314.3% in the first quarter. Brooklyn Investment Group now owns 4,508 shares of the company's stock valued at $46,000 after acquiring an additional 3,420 shares during the period. True Wealth Design LLC grew its position in UiPath by 18.4% in the 4th 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. Finally, National Bank of Canada FI acquired a new stake in UiPath during the first quarter worth about $72,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PATH. Wall Street Zen lowered UiPath from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. Scotiabank upped their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Canaccord Genuity Group set a $16.00 price target on shares of UiPath and gave the stock a "buy" rating in a research note on Monday, June 2nd. Royal Bank Of Canada upped their price objective on UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Friday, May 30th. Finally, Barclays restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, UiPath presently has a consensus rating of "Hold" and an average target price of $13.83.

Insider Activity at UiPath

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

UiPath Stock Down 1.9%

Shares of NYSE PATH opened at $10.83 on Wednesday. The company has a market cap of $5.79 billion, a price-to-earnings ratio of -90.20, a price-to-earnings-growth ratio of 14.45 and a beta of 1.03. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The firm's 50-day simple moving average is $11.98 and its 200 day simple moving average is $12.01.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly 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 net margin of 4.65% and a negative return on equity of 3.05%. The business had revenue of $356.62 million for the quarter, compared to analysts' expectations of $332.17 million. During the same period in the prior 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. On average, equities analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current year.

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.