Patriot Financial Group Insurance Agency LLC Buys 53,555 Shares of UiPath, Inc. $PATH

Patriot Financial Group Insurance Agency LLC boosted its position in UiPath, Inc. (NYSE:PATH) by 249.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,050 shares of the company’s stock after acquiring an additional 53,555 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in UiPath were worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PATH. Hudson Bay Capital Management LP purchased a new position in shares of UiPath in the 2nd quarter worth about $102,559,000. Norges Bank purchased a new stake in UiPath in the second quarter worth approximately $68,451,000. AQR Capital Management LLC boosted its stake in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares in the last quarter. TFG Asset Management GP Ltd grew its position in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after acquiring an additional 4,772,244 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of UiPath during the second quarter worth approximately $59,561,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brad Brubaker sold 27,580 shares of UiPath stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $18.55, for a total transaction of $511,609.00. Following the sale, the insider owned 635,359 shares of the company’s stock, valued at approximately $11,785,909.45. The trade was a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $16.07, for a total transaction of $723,150.00. Following the transaction, the chief executive officer owned 28,793,585 shares in the company, valued at $462,712,910.95. This represents a 0.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,326,116 shares of company stock valued at $35,900,303 in the last ninety days. 23.19% of the stock is currently owned by insiders.

UiPath Trading Up 1.3%

UiPath stock opened at $16.14 on Friday. The firm has a market cap of $8.63 billion, a P/E ratio of 38.44, a P/E/G ratio of 4.82 and a beta of 1.10. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $19.84. The firm has a 50-day moving average of $15.48 and a 200-day moving average of $13.39.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The company had revenue of $411.11 million for the quarter, compared to the consensus estimate of $392.46 million. During the same quarter in the previous year, the business earned $0.11 EPS. UiPath’s revenue was up 15.9% compared to the same quarter last year. Research analysts forecast that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PATH. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. Wells Fargo & Company boosted their price target on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. Wall Street Zen cut UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Morgan Stanley lifted their price objective on UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 9th. Finally, Truist Financial set a $17.00 target price on UiPath in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

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.