Savant Capital LLC Trims Position in UiPath, Inc. $PATH

Savant Capital LLC reduced its holdings in UiPath, Inc. (NYSE:PATH) by 93.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,469 shares of the company’s stock after selling 212,515 shares during the period. Savant Capital LLC’s holdings in UiPath were worth $194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in UiPath in the second quarter valued at $28,000. IFP Advisors Inc boosted its stake in shares of UiPath by 508.0% in the second quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after buying an additional 2,743 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in UiPath during the second quarter worth about $55,000. Covestor Ltd raised its position in UiPath by 17.7% during the third quarter. Covestor Ltd now owns 6,522 shares of the company’s stock valued at $87,000 after acquiring an additional 981 shares in the last quarter. Finally, CX Institutional raised its position in UiPath by 37.4% during the third quarter. CX Institutional now owns 6,888 shares of the company’s stock valued at $92,000 after acquiring an additional 1,874 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Up 1.5%

PATH opened at $11.35 on Tuesday. The firm’s fifty day simple moving average is $15.14 and its two-hundred day simple moving average is $14.00. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $19.84. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.55 and a beta of 1.07.

UiPath (NYSE:PATH) last released its 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. The business had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. UiPath had a net margin of 14.79% and a return on equity of 3.73%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

PATH has been the topic of a number of analyst reports. Canaccord Genuity Group raised their price objective on shares of UiPath from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Zacks Research downgraded shares of UiPath from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a research report on Wednesday, February 11th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Finally, DA Davidson increased their target price on shares of UiPath from $12.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.77.

Insider Activity at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $19.21, for a total value of $864,450.00. Following the completion of the transaction, the chief executive officer directly owned 29,153,585 shares of the company’s stock, valued at approximately $560,040,367.85. This 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 the SEC website. Also, CFO Ashim Gupta sold 67,468 shares of the firm’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 completion of the transaction, the chief financial officer owned 557,028 shares in the company, valued at $8,968,150.80. The trade was a 10.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 950,048 shares of company stock worth $15,881,744. Company insiders own 23.19% of the company’s stock.

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.