Public Sector Pension Investment Board Acquires Shares of 474,700 UiPath, Inc. $PATH

Public Sector Pension Investment Board purchased a new stake in UiPath, Inc. (NYSE:PATH) during the third quarter, according to its most recent filing with the SEC. The firm purchased 474,700 shares of the company’s stock, valued at approximately $6,351,000. Public Sector Pension Investment Board owned 0.09% of UiPath at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after acquiring an additional 10,872 shares during the period. Woodline Partners LP boosted its stake 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 purchasing an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 purchasing an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of UiPath in the 2nd quarter valued at about $169,000. Finally, IFP Advisors Inc raised its stake in shares of UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after purchasing an additional 2,743 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Daniel Dines sold 45,000 shares of the 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 transaction, the chief executive officer owned 27,893,585 shares in the company, valued at approximately $418,682,710.85. This trade represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashim Gupta sold 67,468 shares of UiPath 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 sale, the chief financial officer directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 950,048 shares of company stock valued at $15,881,744. Corporate insiders own 23.19% of the company’s stock.

UiPath Price Performance

PATH stock opened at $11.09 on Thursday. UiPath, Inc. has a one year low of $9.38 and a one year high of $19.84. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07. The company has a fifty day moving average price of $14.82 and a two-hundred day moving average price of $13.98.

UiPath (NYSE:PATH) last posted its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company 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%. UiPath’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. Research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PATH. TD Cowen reissued a “hold” rating on shares of UiPath in a research report on Thursday, December 4th. Evercore raised their price target on shares of UiPath from $15.00 to $17.00 and gave the stock an “in-line” rating in a research note on Thursday, December 4th. Barclays lifted their price objective on shares of UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research note on Monday, December 29th. One 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. Based on data from MarketBeat, UiPath currently has an average rating of “Hold” and a consensus price target of $15.77.

UiPath Company 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.