505,267 Shares in UiPath, Inc. $PATH Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama bought a new stake in shares of UiPath, Inc. (NYSE:PATH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 505,267 shares of the company’s stock, valued at approximately $8,281,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of UiPath by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after acquiring an additional 2,251,434 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of UiPath by 23.8% during the third quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock valued at $10,068,000 after purchasing an additional 144,832 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of UiPath during the third quarter valued at $1,579,000. Hillsdale Investment Management Inc. boosted its position in shares of UiPath by 413.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 307,700 shares of the company’s stock valued at $4,117,000 after purchasing an additional 247,800 shares during the period. Finally, DNB Asset Management AS acquired a new position in shares of UiPath in the 3rd quarter valued at $2,066,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $15.73, for a total value of $707,850.00. Following the completion of the sale, the chief executive officer owned 28,343,585 shares in the company, valued at $445,844,592.05. This represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of UiPath 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 sale, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at $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. Insiders have sold 382,468 shares of company stock worth $6,150,535 over the last ninety days. 23.19% of the stock is currently owned by insiders.

UiPath Trading Down 0.1%

Shares of UiPath stock opened at $11.23 on Friday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The company has a market cap of $5.88 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.84 and a beta of 1.03. The stock has a 50-day moving average price of $11.71 and a 200 day moving average price of $14.01.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. DA Davidson cut their price objective on UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. UBS Group dropped their target price on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a report on Friday, March 13th. William Blair restated a “hold” rating on shares of UiPath in a research report on Thursday, March 12th. Finally, Mizuho decreased their price objective on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.