Los Angeles Capital Management LLC Increases Stock Holdings in UiPath Inc. (NYSE:PATH)

Los Angeles Capital Management LLC raised its stake in shares of UiPath Inc. (NYSE:PATH) by 53.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,096,647 shares of the healthcare company’s stock after acquiring an additional 380,959 shares during the period. Los Angeles Capital Management LLC’s holdings in UiPath were worth $27,241,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. HighMark Wealth Management LLC purchased a new stake in shares of UiPath during the fourth quarter valued at approximately $27,000. Cypress Capital Management LLC WY purchased a new stake in UiPath during the fourth quarter worth about $29,000. GAMMA Investing LLC bought a new stake in UiPath in the fourth quarter worth about $36,000. FNY Investment Advisers LLC purchased a new position in UiPath in the fourth quarter valued at about $40,000. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of UiPath during the 4th quarter worth approximately $43,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Price Performance

PATH stock traded up $0.18 during trading on Friday, reaching $19.48. The company had a trading volume of 3,862,423 shares, compared to its average volume of 5,757,008. The business has a 50 day moving average of $21.75 and a 200 day moving average of $21.65. The company has a market cap of $11.08 billion, a P/E ratio of -114.55 and a beta of 1.01. UiPath Inc. has a 52 week low of $12.38 and a 52 week high of $27.87.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, March 13th. The healthcare company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.10. The company had revenue of $405.25 million for the quarter, compared to analyst estimates of $383.32 million. UiPath had a negative return on equity of 3.29% and a negative net margin of 6.87%. Research analysts expect that UiPath Inc. will post -0.04 earnings per share for the current year.

Insider Transactions at UiPath

In related news, CFO Ashim Gupta sold 40,000 shares of UiPath stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $21.66, for a total transaction of $866,400.00. Following the completion of the transaction, the chief financial officer now directly owns 660,762 shares of the company’s stock, valued at approximately $14,312,104.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 72,000 shares of company stock valued at $1,591,360 in the last three months. 31.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets boosted their target price on UiPath from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Thursday, March 14th. Scotiabank increased their target price on shares of UiPath from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. raised shares of UiPath from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $22.00 to $28.00 in a research report on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $29.00 price objective on shares of UiPath in a research note on Monday, April 1st. Finally, Wells Fargo & Company increased their price objective on UiPath from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.41.

About UiPath

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.