SG Americas Securities LLC Grows Position in UiPath, Inc. $PATH

SG Americas Securities LLC raised its stake in shares of UiPath, Inc. (NYSE:PATH) by 384.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 584,957 shares of the company’s stock after purchasing an additional 464,304 shares during the period. SG Americas Securities LLC owned 0.11% of UiPath worth $9,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after buying an additional 10,872 shares in the last quarter. Woodline Partners LP increased its holdings in UiPath by 69.6% in the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after acquiring an additional 9,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in UiPath by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after acquiring an additional 75,737 shares during the period. Sivia Capital Partners LLC bought a new stake in UiPath during the 2nd quarter worth approximately $169,000. Finally, Creative Planning lifted its holdings in UiPath by 11.7% during the second quarter. Creative Planning now owns 80,623 shares of the company’s stock valued at $1,032,000 after purchasing an additional 8,460 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Activity at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 27,893,585 shares of the company’s stock, valued at approximately $418,682,710.85. This trade represents a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the transaction, the chief financial officer owned 557,028 shares of the company’s stock, valued at approximately $8,968,150.80. The trade was a 10.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 472,468 shares of company stock valued at $7,632,385 in the last 90 days. Company insiders own 23.19% of the company’s stock.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of recent analyst reports. Bank of America dropped their price target on shares of UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. DA Davidson cut their price target on UiPath from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Wall Street Zen cut UiPath from a “strong-buy” rating to a “buy” rating in a research report on Saturday. UBS Group reduced their price objective on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, Mizuho cut their target price on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.07.

UiPath Trading Up 0.1%

Shares of PATH opened at $10.70 on Monday. The company’s fifty day simple moving average is $12.05 and its 200-day simple moving average is $14.04. The company has a market cap of $5.72 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.75 and a beta of 1.09. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The firm had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

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.