UiPath, Inc. $PATH Position Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in UiPath, Inc. (NYSE:PATH) by 1,423.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,350,063 shares of the company’s stock after acquiring an additional 2,195,851 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.44% of UiPath worth $30,081,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Inspire Investing LLC bought a new position in UiPath in the 2nd quarter valued at about $891,000. AlphaQuest LLC raised its holdings in shares of UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after acquiring an additional 38,402 shares during the period. Jump Financial LLC purchased a new position in shares of UiPath during the first quarter valued at $11,016,000. Deutsche Bank AG increased its holdings in shares of UiPath by 3.8% in the 1st quarter. Deutsche Bank AG now owns 1,562,306 shares of the company’s stock valued at $16,092,000 after purchasing an additional 56,721 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of UiPath by 7.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock valued at $18,448,000 after acquiring an additional 98,058 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

Shares of PATH opened at $18.67 on Friday. The firm has a market capitalization of $9.91 billion, a PE ratio of 44.45, a P/E/G ratio of 6.91 and a beta of 1.10. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $18.98. The stock has a 50 day simple moving average of $14.93 and a 200 day simple moving average of $13.07.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The firm had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Equities research analysts predict that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Evercore ISI boosted their target price on shares of UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of UiPath in a research note on Thursday, October 30th. Mizuho increased their price objective on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial set a $17.00 price objective on UiPath in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, UiPath presently has a consensus rating of “Reduce” and a consensus price target of $15.46.

Insider Transactions at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $15.07, for a total value of $678,150.00. Following the completion of the sale, the chief executive officer directly owned 29,288,585 shares in the company, valued at approximately $441,378,975.95. This trade represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Hitesh Ramani sold 5,000 shares of UiPath stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $15.47, for a total value of $77,350.00. Following the transaction, the chief accounting officer owned 182,776 shares of the company’s stock, valued at $2,827,544.72. This represents a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,319,002 shares of company stock worth $34,094,875. 23.19% of the stock is owned by company insiders.

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.