Centiva Capital LP Has $1.86 Million Stake in UiPath Inc. (NYSE:PATH)

Centiva Capital LP increased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 970.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,084 shares of the company's stock after acquiring an additional 131,529 shares during the quarter. Centiva Capital LP's holdings in UiPath were worth $1,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board grew its holdings in shares of UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock valued at $1,392,000 after buying an additional 62,650 shares during the last quarter. D.A. Davidson & CO. raised its position in UiPath by 60.1% in the 3rd quarter. D.A. Davidson & CO. now owns 557,667 shares of the company's stock worth $7,138,000 after buying an additional 209,300 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after acquiring an additional 1,559,500 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of UiPath by 667.7% during the third quarter. Quantbot Technologies LP now owns 101,718 shares of the company's stock valued at $1,302,000 after purchasing an additional 88,468 shares during the last quarter. Finally, LMR Partners LLP bought a new position in UiPath during the third quarter valued at approximately $561,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,671 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.07, for a total transaction of $575,388.97. Following the transaction, the chief financial officer now directly owns 849,917 shares of the company's stock, valued at approximately $10,258,498.19. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PATH shares. Barclays raised their target price on UiPath from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday, September 6th. TD Cowen cut their price target on UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a report on Friday, September 6th. Bank of America raised their price objective on UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $16.00 price target on shares of UiPath in a report on Friday, September 6th. Finally, BMO Capital Markets increased their price target on UiPath from $14.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, September 6th. Sixteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.47.

UiPath Stock Performance

NYSE PATH traded up $0.95 during trading hours on Wednesday, hitting $15.33. 15,741,709 shares of the company's stock were exchanged, compared to its average volume of 9,487,798. The business's 50 day moving average is $12.96 and its 200-day moving average is $12.83. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The firm has a market capitalization of $8.43 billion, a P/E ratio of -78.20 and a beta of 0.94.

UiPath (NYSE:PATH - Get Free Report) last posted its earnings results on Thursday, September 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. UiPath had a negative return on equity of 3.98% and a negative net margin of 8.13%. The business had revenue of $316.00 million during the quarter, compared to analyst estimates of $303.69 million. During the same quarter last year, the firm earned ($0.09) earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that UiPath Inc. will post -0.23 EPS for the current fiscal year.

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.