UiPath, Inc. (NYSE:PATH) Stake Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in UiPath, Inc. (NYSE:PATH) by 83.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,485 shares of the company’s stock after acquiring an additional 35,697 shares during the period. Teacher Retirement System of Texas’ holdings in UiPath were worth $808,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Tidal Investments LLC increased its holdings in shares of UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company’s stock worth $286,000 after acquiring an additional 797 shares during the period. True Wealth Design LLC raised its holdings in shares of UiPath by 18.4% during the fourth quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock valued at $66,000 after buying an additional 801 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of UiPath by 8.6% during the fourth quarter. United Capital Financial Advisors LLC now owns 12,238 shares of the company’s stock valued at $156,000 after buying an additional 971 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of UiPath by 6.8% during the fourth quarter. NewEdge Advisors LLC now owns 15,809 shares of the company’s stock valued at $201,000 after buying an additional 1,003 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of UiPath by 141.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after buying an additional 1,742 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Performance

Shares of NYSE:PATH opened at $12.47 on Tuesday. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -103.87, a PEG ratio of 16.18 and a beta of 1.04. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $15.93. The company has a 50 day moving average price of $12.73 and a 200 day moving average price of $12.46.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $356.62 million for the quarter, compared to analysts’ expectations of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. On average, sell-side analysts expect that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 56,322 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total value of $716,415.84. Following the completion of the sale, the chief financial officer owned 859,991 shares in the company, valued at approximately $10,939,085.52. This represents a 6.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $12.44, for a total value of $559,800.00. Following the completion of the sale, the chief executive officer directly owned 5,148,376 shares of the company’s stock, valued at approximately $64,045,797.44. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 560,117 shares of company stock valued at $7,041,044. 23.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of analyst reports. Scotiabank boosted their price target on UiPath from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Friday, May 30th. Morgan Stanley increased their target price on shares of UiPath from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Barclays reiterated an “equal weight” rating on shares of UiPath in a research report on Friday, May 30th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Friday, May 30th. Finally, Evercore ISI increased their target price on shares of UiPath from $11.00 to $15.00 and gave the company an “in-line” rating in a research report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.83.

UiPath 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.