118,000 Shares in UiPath, Inc. $PATH Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new stake in UiPath, Inc. (NYSE:PATH) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 118,000 shares of the company’s stock, valued at approximately $1,579,000.

Other institutional investors have also recently bought and sold shares of the company. State of Wyoming bought a new position in shares of UiPath in the 3rd quarter worth $243,000. Trifecta Capital Advisors LLC boosted its holdings in UiPath by 33.6% during the third quarter. Trifecta Capital Advisors LLC now owns 17,500 shares of the company’s stock worth $234,000 after buying an additional 4,400 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of UiPath during the 3rd quarter worth about $150,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of UiPath by 22.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,545 shares of the company’s stock valued at $1,319,000 after acquiring an additional 18,221 shares during the last quarter. Finally, Alta Wealth Advisors LLC acquired a new stake in shares of UiPath in the 3rd quarter valued at approximately $191,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Trading Down 0.8%

PATH stock opened at $12.49 on Tuesday. The stock has a 50-day moving average price of $15.81 and a two-hundred day moving average price of $14.01. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The stock has a market cap of $6.68 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 3.69 and a beta of 1.07.

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

Wall Street Analyst Weigh In

PATH has been the subject of a number of analyst reports. Truist Financial set a $17.00 price objective on shares of UiPath in a report on Thursday, December 4th. Mizuho boosted their price target on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Morgan Stanley upped their price objective on shares of UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. UBS Group reiterated a “neutral” rating on shares of UiPath in a report on Thursday, December 4th. Finally, BMO Capital Markets increased their price target on UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling

In related news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $19.21, for a total transaction of $864,450.00. Following the completion of the transaction, the chief executive officer owned 29,153,585 shares in the company, valued at approximately $560,040,367.85. This represents a 0.15% 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, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the transaction, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 995,048 shares of company stock valued at $16,559,894. Insiders own 23.19% of the company’s stock.

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.