Brighton Jones LLC Has $173,000 Stake in UiPath, Inc. $PATH

Brighton Jones LLC reduced its holdings in shares of UiPath, Inc. (NYSE:PATH) by 76.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,915 shares of the company’s stock after selling 41,624 shares during the period. Brighton Jones LLC’s holdings in UiPath were worth $173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in UiPath by 48.0% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after purchasing an additional 969 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of UiPath by 0.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 123,329 shares of the company’s stock worth $1,579,000 after buying an additional 1,033 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of UiPath by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 313,946 shares of the company’s stock worth $4,019,000 after buying an additional 1,190 shares in the last quarter. Advyzon Investment Management LLC grew its position in shares of UiPath by 7.7% during the 2nd quarter. Advyzon Investment Management LLC now owns 18,973 shares of the company’s stock worth $243,000 after buying an additional 1,355 shares during the period. Finally, CX Institutional increased its stake in shares of UiPath by 43.3% in the 2nd quarter. CX Institutional now owns 5,014 shares of the company’s stock valued at $64,000 after acquiring an additional 1,515 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a research note on Monday, December 22nd. Royal Bank Of Canada increased their price objective on shares of UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 10th. Truist Financial set a $17.00 target price on UiPath in a research note on Thursday, December 4th. Wells Fargo & Company upped their price target on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and a consensus price target of $16.00.

UiPath Stock Performance

Shares of PATH opened at $16.86 on Monday. The firm has a market capitalization of $9.01 billion, a P/E ratio of 40.14, a P/E/G ratio of 5.09 and a beta of 1.10. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84. The stock has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $13.52.

UiPath (NYSE:PATH) last announced its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The company had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. UiPath’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brad Brubaker sold 66,665 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $15.00, for a total transaction of $999,975.00. Following the transaction, the insider directly owned 690,519 shares of the company’s stock, valued at $10,357,785. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Dines sold 122,734 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $18.37, for a total transaction of $2,254,623.58. Following the transaction, the chief executive officer owned 490,936 shares in the company, valued at approximately $9,018,494.32. This trade represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,880,184 shares of company stock valued at $30,622,299 in the last three months. 23.19% of the stock is currently owned by insiders.

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. 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.