SG Americas Securities LLC Buys 464,304 Shares of UiPath, Inc. $PATH

SG Americas Securities LLC increased its stake in UiPath, Inc. (NYSE:PATH) by 384.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 584,957 shares of the company’s stock after acquiring an additional 464,304 shares during the quarter. SG Americas Securities LLC’s holdings in UiPath were worth $9,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teamwork Financial Advisors LLC bought a new position in UiPath in the 4th quarter worth about $1,781,000. Wealth Enhancement Advisory Services LLC increased its position in shares of UiPath by 7.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,887 shares of the company’s stock worth $1,332,000 after acquiring an additional 5,632 shares during the period. Fermata Advisors LLC bought a new stake in shares of UiPath during the fourth quarter valued at approximately $275,000. Green Alpha Advisors LLC raised its stake in shares of UiPath by 3.4% during the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock valued at $484,000 after acquiring an additional 973 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in shares of UiPath in the fourth quarter valued at approximately $25,000. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Up 0.1%

Shares of PATH stock opened at $10.70 on Monday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.75 and a beta of 1.09. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $19.84. The company’s 50 day moving average is $12.05 and its 200 day moving average is $14.04.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $481.11 million during the quarter, compared to analyst estimates of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.UiPath’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. Analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ashim Gupta sold 67,468 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the sale, the chief financial officer directly owned 557,028 shares in the company, valued at $8,968,150.80. This represents a 10.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $15.01, for a total value of $675,450.00. Following the sale, the chief executive officer directly owned 27,893,585 shares in the company, valued at approximately $418,682,710.85. The trade was a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 472,468 shares of company stock valued at $7,632,385 over the last 90 days. 23.19% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank Of Canada set a $14.00 price objective on UiPath in a research note on Wednesday, February 11th. Evercore lifted their target price on UiPath from $15.00 to $17.00 and gave the company an “in-line” rating in a research report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. UBS Group dropped their price target on UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $14.07.

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.