Versor Investments LP Purchases New Shares in UiPath, Inc. $PATH

Versor Investments LP purchased a new position in shares of UiPath, Inc. (NYSE:PATH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,000 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada grew 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 worth $1,450,000 after purchasing an additional 10,872 shares in the last quarter. Woodline Partners LP boosted its stake in shares of UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after buying an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in UiPath by 5.4% during the first 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 buying an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC bought a new position in UiPath during the 2nd quarter worth $169,000. Finally, Truist Financial Corp increased its stake in UiPath by 14.5% during the 2nd quarter. Truist Financial Corp now owns 38,323 shares of the company’s stock worth $491,000 after acquiring an additional 4,855 shares during the period. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PATH shares. UBS Group reiterated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Zacks Research cut shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. DA Davidson increased their price objective 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. Royal Bank Of Canada set a $14.00 target price on shares of UiPath in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.77.

Insiders Place Their Bets

In related news, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the sale, the chief financial officer owned 557,028 shares of the company’s stock, valued at $8,968,150.80. This trade represents a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated 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. The trade was a 0.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 950,048 shares of company stock valued at $15,881,744 over the last quarter. 23.19% of the stock is owned by corporate insiders.

UiPath Trading Down 9.8%

PATH opened at $11.68 on Thursday. The company has a market cap of $6.24 billion, a P/E ratio of 27.80, a PEG ratio of 1.82 and a beta of 1.07. The company’s 50 day moving average is $15.59 and its 200-day moving average is $14.00. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $19.84.

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

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.