Teamwork Financial Advisors LLC Buys Shares of 108,676 UiPath, Inc. $PATH

Teamwork Financial Advisors LLC purchased a new position in UiPath, Inc. (NYSE:PATH) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 108,676 shares of the company’s stock, valued at approximately $1,781,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in UiPath by 7.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,887 shares of the company’s stock valued at $1,332,000 after purchasing an additional 5,632 shares in the last quarter. Fermata Advisors LLC bought a new position in UiPath in the fourth quarter worth about $275,000. Green Alpha Advisors LLC lifted its position in shares of UiPath by 3.4% during the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock valued at $484,000 after buying an additional 973 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of UiPath during the fourth quarter valued at about $25,000. Finally, GAMMA Investing LLC boosted its holdings in shares of UiPath by 93.3% in the 4th quarter. GAMMA Investing LLC now owns 5,251 shares of the company’s stock valued at $86,000 after buying an additional 2,534 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 67,468 shares of the company’s stock in a transaction on Monday, January 5th. The shares were 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. This represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the sale, the chief executive officer directly owned 27,893,585 shares in the company, valued at $418,682,710.85. This represents a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 607,468 shares of company stock worth $9,893,635 in the last quarter. Company insiders own 23.19% of the company’s stock.

UiPath Stock Down 1.5%

UiPath stock opened at $12.06 on Monday. The stock has a 50-day moving average price of $12.49 and a 200 day moving average price of $14.06. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $19.84.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group cut 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 lowered their target price on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Wells Fargo & Company cut their price target on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Monday, December 29th. Finally, Zacks Research lowered UiPath from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.07.

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. 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.