Wealth Enhancement Advisory Services LLC Grows Position in UiPath Inc. (NYSE:PATH)

Wealth Enhancement Advisory Services LLC grew its stake in UiPath Inc. (NYSE:PATH - Free Report) by 68.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 160,369 shares of the company's stock after acquiring an additional 64,900 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in UiPath were worth $2,038,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in PATH. Smartleaf Asset Management LLC lifted its holdings in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company's stock worth $31,000 after buying an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company's stock worth $32,000 after purchasing an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company's stock valued at $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company's stock valued at $39,000 after purchasing an additional 759 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in UiPath during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PATH. Mizuho dropped their price target on UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada boosted their price target on shares of UiPath from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Wells Fargo & Company restated an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Barclays reissued an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Finally, Scotiabank raised their price target on UiPath from $12.00 to $13.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $13.83.

UiPath Price Performance

Shares of NYSE PATH traded down $0.05 on Friday, hitting $13.22. The company's stock had a trading volume of 10,317,671 shares, compared to its average volume of 10,609,499. The stock has a 50 day moving average of $11.70 and a 200-day moving average of $12.70. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of -82.59 and a beta of 1.06. UiPath Inc. has a 12-month low of $9.38 and a 12-month high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last posted 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. The firm had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative return on equity of 4.14% and a negative net margin of 6.49%. UiPath's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Sell-side analysts expect that UiPath Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of UiPath stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total transaction of $127,375.00. Following the completion of the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at $3,208,739.29. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the transaction, the chief financial officer now directly owns 987,322 shares in the company, valued at $11,857,737.22. The trade was a 9.10% decrease in their position. The disclosure for this sale can be found here. 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.