Teamwork Financial Advisors LLC reduced its stake in UiPath, Inc. (NYSE:PATH – Free Report) by 93.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,575 shares of the company’s stock after selling 154,472 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in UiPath were worth $136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Trifecta Capital Advisors LLC bought a new stake in UiPath during the 2nd quarter worth approximately $27,000. CoreCap Advisors LLC boosted its position in shares of UiPath by 68.7% in the third quarter. CoreCap Advisors LLC now owns 2,679 shares of the company’s stock worth $34,000 after purchasing an additional 1,091 shares during the period. AdvisorNet Financial Inc increased its stake in shares of UiPath by 750.0% in the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock worth $38,000 after purchasing an additional 3,000 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of UiPath in the second quarter worth $57,000. Finally, Versant Capital Management Inc increased its stake in shares of UiPath by 103.6% in the third quarter. Versant Capital Management Inc now owns 4,845 shares of the company’s stock worth $62,000 after purchasing an additional 2,465 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
UiPath Stock Up 2.1%
NYSE PATH traded up $0.27 on Monday, reaching $13.12. The company had a trading volume of 22,142,157 shares, compared to its average volume of 45,635,328. The stock has a market capitalization of $6.83 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.21 and a beta of 1.01. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The firm’s 50 day moving average price is $14.70 and its 200 day moving average price is $12.39.
UiPath (NYSE:PATH – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The firm had revenue of $410.26 million during the quarter, compared to analyst estimates of $397.77 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts expect that UiPath, Inc. will post 0.49 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on PATH shares. DA Davidson reissued an “underperform” rating and set a $10.00 price target on shares of UiPath in a report on Monday, September 28th. New Street Research set a $15.00 price objective on UiPath in a research report on Thursday, September 24th. Citigroup initiated coverage on UiPath in a research note on Tuesday, September 8th. They issued a “buy” rating and a $23.00 price objective for the company. Mizuho increased their target price on UiPath from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of UiPath in a research report on Wednesday, September 23rd. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.69.
Read Our Latest Report on UiPath
Insider Transactions at UiPath
In related news, CEO Daniel Dines sold 1,250,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $13.44, for a total value of $16,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 30,241,238 shares of the company’s stock, valued at approximately $406,442,238.72. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Ashim Gupta sold 66,052 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $13.17, for a total transaction of $869,904.84. Following the completion of the transaction, the chief operating officer directly owned 1,902,434 shares of the company’s stock, valued at approximately $25,055,055.78. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,933,170 shares of company stock valued at $43,170,188 over the last 90 days. Insiders own 22.44% of the company’s stock.
About UiPath
UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.
The company’s products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.
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