Matauro LLC Makes New Investment in UiPath, Inc. $PATH

Matauro LLC bought a new stake in shares of UiPath, Inc. (NYSE:PATH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 119,965 shares of the company’s stock, valued at approximately $1,966,000.

Several other hedge funds also recently bought and sold shares of PATH. Royal Bank of Canada raised its holdings in UiPath by 8.4% during the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after acquiring an additional 10,872 shares during the period. 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 worth $232,000 after acquiring an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of UiPath by 5.4% in 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 acquiring an additional 75,737 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of UiPath during the second quarter worth about $169,000. Finally, Legal & General Group Plc grew its position in shares of UiPath by 0.4% during the second quarter. Legal & General Group Plc now owns 636,879 shares of the company’s stock worth $8,152,000 after purchasing an additional 2,302 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $15.73, for a total transaction of $707,850.00. Following the transaction, the chief executive officer owned 28,343,585 shares in the company, valued at $445,844,592.05. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ashim Gupta sold 67,468 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 427,468 shares of company stock valued at $6,887,635 over the last ninety days. 23.19% of the stock is owned by insiders.

UiPath Trading Down 0.6%

PATH opened at $11.04 on Thursday. The stock has a 50-day moving average of $11.86 and a 200 day moving average of $14.02. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $19.84. The firm has a market cap of $5.90 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.82 and a beta of 1.03.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. On average, research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PATH has been the topic of a number of research analyst reports. Zacks Research cut UiPath from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. 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. DA Davidson decreased their price target on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Needham & Company LLC upgraded UiPath from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada set a $14.00 target price on UiPath in a research report on Wednesday, February 11th. Three 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.07.

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.