UiPath, Inc. $PATH Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of UiPath, Inc. (NYSE:PATH) by 83.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,405 shares of the company’s stock after selling 486,552 shares during the period. SG Americas Securities LLC’s holdings in UiPath were worth $1,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PATH. Royal Bank of Canada raised its stake in shares of UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after purchasing an additional 10,872 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of UiPath by 69.6% during the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in UiPath by 5.4% in 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 valued at $15,221,000 after buying an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in UiPath in the 2nd quarter valued at $169,000. Finally, Prudential Financial Inc. increased its stake in UiPath by 90.1% in the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after buying an additional 16,125 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PATH has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. TD Cowen lowered their target price on shares of UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. William Blair reiterated a “hold” rating on shares of UiPath in a research note on Thursday, March 12th. DA Davidson cut their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Finally, Morgan Stanley reduced their price objective on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.80.

UiPath Stock Performance

UiPath stock opened at $11.68 on Friday. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The business has a fifty day moving average of $10.77 and a two-hundred day moving average of $12.17. The company has a market cap of $6.05 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.40 and a beta of 0.98.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 EPS. Sell-side analysts predict that UiPath, Inc. will post 0.4 EPS for the current year.

About UiPath

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.