52,637 Shares in UiPath Inc. (NYSE:PATH) Purchased by DRW Securities LLC

DRW Securities LLC bought a new stake in UiPath Inc. (NYSE:PATH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 52,637 shares of the company’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of UiPath by 11.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,848 shares of the company’s stock valued at $427,000 after purchasing an additional 1,982 shares during the last quarter. Advisors Asset Management Inc. raised its stake in UiPath by 35.0% during the first quarter. Advisors Asset Management Inc. now owns 3,037 shares of the company’s stock worth $69,000 after acquiring an additional 787 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of UiPath by 16,741.9% in the 1st quarter. Lazard Asset Management LLC now owns 5,221 shares of the company’s stock valued at $118,000 after purchasing an additional 5,190 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of UiPath by 76.0% during the 1st quarter. Tidal Investments LLC now owns 117,357 shares of the company’s stock valued at $2,660,000 after purchasing an additional 50,675 shares during the last quarter. Finally, Comerica Bank increased its position in UiPath by 226.5% during the 1st quarter. Comerica Bank now owns 25,154 shares of the company’s stock worth $570,000 after purchasing an additional 17,451 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on PATH. Morgan Stanley restated an “equal weight” rating and issued a $15.00 target price on shares of UiPath in a research report on Friday, September 6th. Evercore ISI boosted their price objective on UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. dropped their target price on UiPath from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on UiPath from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, September 6th. Finally, TD Cowen dropped their price objective on shares of UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, September 6th. Sixteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.47.

UiPath Trading Down 2.1 %

Shares of UiPath stock opened at $14.19 on Wednesday. The business has a 50-day moving average price of $12.75 and a two-hundred day moving average price of $13.08. UiPath Inc. has a 1-year low of $10.37 and a 1-year high of $27.87. The company has a market cap of $7.80 billion, a P/E ratio of -70.95 and a beta of 0.87.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $316.00 million during the quarter, compared to the consensus estimate of $303.69 million. UiPath had a negative return on equity of 3.98% and a negative net margin of 8.13%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) earnings per share. Equities research analysts forecast that UiPath Inc. will post -0.23 EPS for the current fiscal year.

Insider Activity

In other news, CFO Ashim Gupta sold 47,671 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.07, for a total value of $575,388.97. Following the completion of the sale, the chief financial officer now directly owns 849,917 shares in the company, valued at $10,258,498.19. This trade represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 22.37% of the stock is currently owned by company insiders.

UiPath 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.