173,658 Shares in UiPath, Inc. $PATH Acquired by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. acquired a new stake in shares of UiPath, Inc. (NYSE:PATHFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 173,658 shares of the company’s stock, valued at approximately $2,324,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in UiPath by 4.9% in the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after acquiring an additional 2,251,434 shares in the last quarter. TFG Asset Management GP Ltd raised its holdings in shares of UiPath by 53.3% during the 2nd 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 in the last quarter. AQR Capital Management LLC lifted its stake in shares of UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after purchasing an additional 4,926,341 shares during the last quarter. Federated Hermes Inc. lifted its stake 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 purchasing an additional 2,328,225 shares during the last quarter. Finally, State Street Corp boosted its holdings in UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock worth $102,814,000 after purchasing an additional 378,851 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting UiPath

Here are the key news stories impacting UiPath this week:

Insider Buying and Selling

In other news, CFO Ashim Gupta sold 67,468 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $16.10, for a total value of $1,086,234.80. Following the completion of the sale, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at approximately $8,968,150.80. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the sale, the chief executive officer owned 27,893,585 shares in the company, valued at approximately $418,682,710.85. The trade was a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 742,468 shares of company stock worth $12,083,785 in the last ninety days. Insiders own 23.19% of the company’s stock.

UiPath Price Performance

UiPath stock opened at $11.58 on Monday. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $19.84. The firm has a fifty day moving average price of $12.97 and a two-hundred day moving average price of $14.02. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.18 and a beta of 1.09.

UiPath (NYSE:PATHGet Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. As a group, sell-side analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

PATH has been the topic of several recent research reports. Needham & Company LLC upgraded UiPath from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday. Canaccord Genuity Group decreased their price target on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen lowered their price objective on UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday. Barclays raised their price objective on UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised UiPath from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.27.

Get Our Latest Report on UiPath

UiPath Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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