Bank Hapoalim BM Has $290,000 Position in UiPath, Inc. $PATH

Bank Hapoalim BM trimmed its position in UiPath, Inc. (NYSE:PATH) by 68.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 21,669 shares of the company’s stock after selling 47,294 shares during the quarter. Bank Hapoalim BM’s holdings in UiPath were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PATH. Royal Bank of Canada boosted its stake in UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after purchasing an additional 10,872 shares during the last quarter. Woodline Partners LP raised its stake in shares of UiPath by 69.6% during the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after purchasing an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in UiPath by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after purchasing an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC bought a new position in UiPath in the 2nd quarter worth about $169,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in UiPath by 85.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 229,471 shares of the company’s stock valued at $3,050,000 after buying an additional 105,633 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

PATH has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. DA Davidson increased their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Truist Financial set a $17.00 price target on shares of UiPath in a research report on Thursday, December 4th. Mizuho increased their price objective on UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Barclays lifted their price target on UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

UiPath Stock Down 3.2%

Shares of UiPath stock opened at $14.32 on Friday. The business has a 50 day moving average of $15.73 and a 200 day moving average of $13.91. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84. The company has a market cap of $7.66 billion, a PE ratio of 34.10, a P/E/G ratio of 4.20 and a beta of 1.08.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The business had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current year.

Insider Transactions at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $19.21, for a total value of $864,450.00. Following the completion of the transaction, the chief executive officer owned 29,153,585 shares of the company’s stock, valued at approximately $560,040,367.85. This represents a 0.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the sale, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. This represents a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,235,048 shares of company stock valued at $20,467,544. 23.19% of the stock is 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.