Ausdal Financial Partners Inc. Takes Position in UiPath, Inc. $PATH

Ausdal Financial Partners Inc. bought a new stake in UiPath, Inc. (NYSE:PATHFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 173,658 shares of the company’s stock, valued at approximately $2,324,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in UiPath by 8.4% in the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after acquiring an additional 10,872 shares in the last quarter. Woodline Partners LP lifted its position in shares of UiPath by 69.6% in the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after acquiring an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of 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 acquired a new stake in shares of UiPath during the 2nd quarter worth approximately $169,000. Finally, Allworth Financial LP increased its position in shares of UiPath by 45.8% during the second quarter. Allworth Financial LP now owns 8,266 shares of the company’s stock valued at $106,000 after purchasing an additional 2,595 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Stock Performance

PATH opened at $11.58 on Monday. The firm’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $14.02. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.18 and a beta of 1.09.

UiPath (NYSE:PATHGet Free Report) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm posted $0.26 EPS. As a group, sell-side analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen upgraded UiPath from a “buy” rating to a “strong-buy” rating in a research note on Saturday. William Blair reiterated a “hold” rating on shares of UiPath in a research note on Thursday. Barclays boosted their price target on shares of UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Wells Fargo & Company dropped their price objective on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of UiPath in a report on Friday. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.27.

View Our Latest Analysis on PATH

Key Stories Impacting UiPath

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Insider Activity at UiPath

In other news, 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 completion of the transaction, the chief financial officer owned 557,028 shares in the company, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the transaction, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. The trade was a 0.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 742,468 shares of company stock valued at $12,083,785. Company insiders own 23.19% of the company’s stock.

About UiPath

(Free Report)

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.

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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