Invictus Private Wealth LLC lowered its position in UiPath, Inc. (NYSE:PATH – Free Report) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company’s stock after selling 1,000 shares during the period. Invictus Private Wealth LLC’s holdings in UiPath were worth $256,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc grew its holdings in UiPath by 320.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after buying an additional 1,887 shares during the last quarter. GAMMA Investing LLC grew its holdings in UiPath by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock valued at $38,000 after buying an additional 969 shares during the last quarter. IFP Advisors Inc grew its holdings in UiPath by 508.0% during the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock valued at $42,000 after buying an additional 2,743 shares during the last quarter. CX Institutional acquired a new stake in UiPath during the 1st quarter valued at $36,000. Finally, Brooklyn Investment Group lifted its stake in shares of UiPath by 314.3% during the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after purchasing an additional 3,420 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.
UiPath Trading Down 8.0%
Shares of PATH opened at $17.04 on Friday. The firm has a market capitalization of $9.05 billion, a P/E ratio of 567.83, a price-to-earnings-growth ratio of 6.85 and a beta of 1.07. The stock’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $12.02. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $18.74.
Insider Buying and Selling
In other UiPath news, CEO Daniel Dines sold 122,734 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $14.89, for a total value of $1,827,509.26. Following the transaction, the chief executive officer directly owned 613,670 shares of the company’s stock, valued at $9,137,546.30. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,770,068 shares of company stock valued at $23,301,992 over the last 90 days. Company insiders own 23.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Canaccord Genuity Group reduced their price target on UiPath from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, September 8th. Cowen reissued a “hold” rating on shares of UiPath in a research note on Friday, September 5th. Truist Financial reduced their price target on UiPath from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, September 5th. DA Davidson assumed coverage on UiPath in a research note on Friday, September 5th. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of UiPath in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.21.
Get Our Latest Analysis on PATH
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.
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