Meeder Advisory Services Inc. Invests $105,000 in UiPath, Inc. (NYSE:PATH)

Meeder Advisory Services Inc. purchased a new position in shares of UiPath, Inc. (NYSE:PATH) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,233 shares of the company’s stock, valued at approximately $105,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its stake 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 worth $31,000 after purchasing an additional 1,970 shares during the last quarter. CX Institutional acquired a new position in UiPath in the 1st quarter valued at $36,000. True Wealth Design LLC grew its stake in UiPath by 18.4% in the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock valued at $66,000 after buying an additional 801 shares during the last quarter. MRP Capital Investments LLC acquired a new position in UiPath in the 1st quarter valued at $82,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in UiPath in the 4th quarter worth $102,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 56,322 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the completion of the transaction, the chief financial officer owned 859,991 shares in the company, valued at approximately $10,939,085.52. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total transaction of $559,350.00. Following the transaction, the chief executive officer owned 5,058,376 shares of the company’s stock, valued at $62,875,613.68. The trade was a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,310 shares of company stock valued at $10,428,922 in the last 90 days. 23.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PATH. Wells Fargo & Company reiterated an “equal weight” rating on shares of UiPath in a research report on Friday, May 30th. Wall Street Zen upgraded shares of UiPath from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th. Canaccord Genuity Group set a $16.00 price target on shares of UiPath and gave the company a “buy” rating in a research report on Monday, June 2nd. DA Davidson upgraded shares of UiPath to a “hold” rating in a research report on Tuesday, July 22nd. Finally, Scotiabank boosted their price target on shares of UiPath from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.83.

UiPath Stock Down 5.4%

Shares of PATH stock opened at $11.11 on Friday. The firm has a fifty day moving average of $12.63 and a 200-day moving average of $12.38. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of -92.58, a P/E/G ratio of 15.39 and a beta of 1.04.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping 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 company had revenue of $356.62 million during the quarter, compared to the consensus estimate of $332.17 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that UiPath, Inc. will post -0.17 EPS for the current 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.