XTX Topco Ltd Makes New Investment in UiPath, Inc. (NYSE:PATH)

XTX Topco Ltd purchased a new stake in UiPath, Inc. (NYSE:PATH - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 52,922 shares of the company's stock, valued at approximately $545,000.

Other hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new position in shares of UiPath in the 1st quarter valued at $266,000. Invesco Ltd. boosted its holdings in shares of UiPath by 10.5% in the 4th quarter. Invesco Ltd. now owns 382,800 shares of the company's stock valued at $4,865,000 after purchasing an additional 36,332 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of UiPath by 32.2% in the 1st quarter. Pallas Capital Advisors LLC now owns 84,776 shares of the company's stock valued at $873,000 after purchasing an additional 20,667 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of UiPath by 280.3% in the 4th quarter. Deutsche Bank AG now owns 1,505,585 shares of the company's stock valued at $19,136,000 after purchasing an additional 1,109,669 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of UiPath by 100.0% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 85,290 shares of the company's stock valued at $878,000 after purchasing an additional 42,645 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Stock Down 0.1%

PATH opened at $11.21 on Thursday. The firm has a market capitalization of $6.00 billion, a P/E ratio of -93.37, a P/E/G ratio of 14.70 and a beta of 1.03. The firm's 50 day moving average is $12.54 and its 200-day moving average is $12.34. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $15.93.

UiPath (NYSE:PATH - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Equities analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on PATH. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. BMO Capital Markets lifted their price target on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a research report on Friday, May 30th. Mizuho reduced their price target on shares of UiPath from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Friday, May 30th. Finally, Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.83.

Insider Activity

In related news, CEO Daniel Dines sold 9,988 shares of UiPath 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 completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 831,310 shares of company stock valued at $10,428,922 in the last three months. 23.19% of the stock is currently owned by 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.

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