Bank Hapoalim BM Has $290,000 Position in UiPath, Inc. $PATH

Bank Hapoalim BM trimmed its holdings in shares of UiPath, Inc. (NYSE:PATH) by 68.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,669 shares of the company’s stock after selling 47,294 shares during the period. Bank Hapoalim BM’s holdings in UiPath were worth $290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. TFG Asset Management GP Ltd boosted its position in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after purchasing an additional 4,772,244 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after purchasing an additional 4,926,341 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of UiPath by 40.7% in the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after buying an additional 2,328,225 shares during the last quarter. State Street Corp grew its stake in shares of UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after buying an additional 378,851 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of UiPath in the second quarter valued at $102,559,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PATH shares. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Wells Fargo & Company lifted their price target on UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. Morgan Stanley raised their price objective on UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. Finally, DA Davidson increased their price target on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UiPath currently has an average rating of “Hold” and an average target price of $16.00.

UiPath Price Performance

NYSE:PATH opened at $14.32 on Friday. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84. The company has a market cap of $7.66 billion, a PE ratio of 34.10, a P/E/G ratio of 4.20 and a beta of 1.08. The firm’s 50 day simple moving average is $15.73 and its 200 day simple moving average is $13.91.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. UiPath’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Transactions at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $19.21, for a total transaction of $864,450.00. Following the completion of the transaction, the chief executive officer owned 29,153,585 shares in the company, valued at approximately $560,040,367.85. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the transaction, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. This trade represents a 10.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,235,048 shares of company stock valued at $20,467,544 over the last 90 days. 23.19% of the stock is owned by corporate 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.