UiPath, Inc. $PATH Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. reduced its stake in shares of UiPath, Inc. (NYSE:PATH) by 64.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,300 shares of the company’s stock after selling 41,582 shares during the quarter. SBI Securities Co. Ltd.’s holdings in UiPath were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PATH. BlackRock Inc. raised its position in UiPath by 7.2% in the 2nd quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock worth $501,684,000 after purchasing an additional 3,097,822 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in UiPath by 8,065.7% during the 2nd quarter. Squarepoint Ops LLC now owns 1,497,555 shares of the company’s stock worth $16,278,000 after buying an additional 1,516,355 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in UiPath by 26.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,831,288 shares of the company’s stock worth $75,818,000 after buying an additional 1,437,843 shares in the last quarter. Bank of America Corp DE boosted its position in UiPath by 13.2% in the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company’s stock valued at $111,518,000 after buying an additional 1,170,285 shares during the last quarter. Finally, Corient Private Wealth LP boosted its position in UiPath by 398.4% in the 2nd quarter. Corient Private Wealth LP now owns 708,146 shares of the company’s stock valued at $7,698,000 after buying an additional 566,074 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PATH shares. TD Cowen reissued a “hold” rating and issued a $16.00 target price on shares of UiPath in a research note on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UiPath in a research note on Wednesday, September 23rd. Citigroup initiated coverage on UiPath in a report on Tuesday, September 8th. They issued a “buy” rating and a $23.00 price target on the stock. HC Wainwright reiterated a “buy” rating on shares of UiPath in a research report on Friday, September 4th. Finally, Bank of America boosted their price objective on UiPath from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, UiPath currently has an average rating of “Hold” and a consensus price target of $15.69.

UiPath Stock Up 1.3%

PATH stock opened at $14.32 on Tuesday. The business’s fifty day moving average is $14.46 and its 200-day moving average is $12.50. The company has a market cap of $7.46 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. UiPath had a return on equity of 9.70% and a net margin of 21.03%. The business had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. During the same period last year, the company earned $0.15 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that UiPath, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other UiPath news, insider Brad Brubaker sold 27,404 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $13.63, for a total value of $373,516.52. Following the transaction, the insider owned 1,066,107 shares of the company’s stock, valued at approximately $14,531,038.41. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel Dines sold 1,250,000 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $13.44, for a total value of $16,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 30,241,238 shares in the company, valued at $406,442,238.72. The trade was a 3.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 2,962,735 shares of company stock worth $43,584,098. Company insiders own 22.44% of the company’s stock.

About UiPath

UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.

The company’s products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.