UiPath, Inc. $PATH Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of UiPath, Inc. (NYSE:PATH) by 61.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,109 shares of the company’s stock after selling 149,762 shares during the quarter. Hsbc Holdings PLC’s holdings in UiPath were worth $939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tidal Investments LLC raised its stake in UiPath by 3.7% during the fourth 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. Xponance Inc. raised its stake in UiPath by 2.0% during the first quarter. Xponance Inc. now owns 54,246 shares of the company’s stock worth $559,000 after acquiring an additional 1,054 shares during the period. Covestor Ltd raised its stake in UiPath by 13.1% during the first quarter. Covestor Ltd now owns 11,070 shares of the company’s stock worth $114,000 after acquiring an additional 1,283 shares during the period. Cetera Investment Advisers raised its stake in UiPath by 2.3% during the first quarter. Cetera Investment Advisers now owns 74,696 shares of the company’s stock worth $769,000 after acquiring an additional 1,652 shares during the period. Finally, Versant Capital Management Inc raised its stake in UiPath by 198.6% during the first quarter. Versant Capital Management Inc now owns 2,962 shares of the company’s stock worth $31,000 after acquiring an additional 1,970 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

UiPath stock opened at $11.12 on Friday. The firm has a 50 day simple moving average of $11.91 and a 200-day simple moving average of $11.95. The stock has a market capitalization of $5.95 billion, a PE ratio of -92.66, a price-to-earnings-growth ratio of 14.57 and a beta of 1.03. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $15.93.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PATH shares. Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Evercore ISI upped their target price on shares of UiPath from $11.00 to $15.00 and gave the stock an “in-line” rating in a research report on Friday, May 30th. BMO Capital Markets upped their target price on shares of UiPath from $11.50 to $15.50 and gave the stock a “market perform” rating in a research report on Friday, May 30th. DA Davidson upgraded shares of UiPath to a “hold” rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley upped their target price on shares of UiPath from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, UiPath has a consensus rating of “Hold” and an average target price of $13.83.

Insider Activity at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $12.43, for a total value of $559,350.00. Following the completion of the transaction, the chief executive officer directly owned 5,058,376 shares in the company, valued at $62,875,613.68. This trade represents a 0.88% 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, CFO Ashim Gupta sold 56,322 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the completion of the transaction, the chief financial officer owned 859,991 shares of the company’s stock, valued at $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,310 shares of company stock valued at $10,428,922 over the last quarter. Insiders own 23.19% of the company’s stock.

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.