Smith Group Asset Management LLC Lowers Stock Position in UiPath, Inc. $PATH

Smith Group Asset Management LLC decreased its holdings in shares of UiPath, Inc. (NYSE:PATH) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,290 shares of the company’s stock after selling 1,700 shares during the period. Smith Group Asset Management LLC’s holdings in UiPath were worth $951,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC grew its holdings in UiPath by 68.4% during the first quarter. Archford Capital Strategies LLC now owns 98,733 shares of the company’s stock worth $1,017,000 after acquiring an additional 40,109 shares during the period. Spire Wealth Management purchased a new stake in shares of UiPath during the 1st quarter worth $266,000. Graphene Investments SAS grew its stake in shares of UiPath by 21.9% during the 1st quarter. Graphene Investments SAS now owns 248,100 shares of the company’s stock worth $2,555,000 after purchasing an additional 44,600 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of UiPath by 13.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,811 shares of the company’s stock valued at $800,000 after purchasing an additional 9,125 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of UiPath by 19.4% in the 1st quarter. KBC Group NV now owns 19,997 shares of the company’s stock valued at $206,000 after purchasing an additional 3,243 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets upped their target price on shares of UiPath from $12.50 to $13.00 and gave the stock a “market perform” rating in a research report on Thursday, October 2nd. Wall Street Zen raised UiPath from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 6th. DA Davidson began coverage on UiPath in a report on Friday, September 5th. They issued a “neutral” rating and a $12.00 target price on the stock. Canaccord Genuity Group cut their price target on UiPath from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, September 8th. Finally, Zacks Research raised shares of UiPath from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.71.

UiPath Trading Up 2.9%

Shares of PATH stock opened at $15.47 on Friday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 515.60, a PEG ratio of 5.56 and a beta of 1.07. The firm has a 50-day moving average price of $12.92 and a 200 day moving average price of $12.37. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $18.74.

UiPath (NYSE:PATH) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $361.73 million during the quarter, compared to the consensus estimate of $347.36 million. UiPath had a net margin of 1.35% and a return on equity of 1.28%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. UiPath has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts predict that UiPath, Inc. will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Daniel Dines sold 122,734 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $14.89, for a total transaction of $1,827,509.26. Following the completion of the transaction, the chief executive officer owned 613,670 shares of the company’s stock, valued at $9,137,546.30. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ashim Gupta sold 240,874 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $17.28, for a total transaction of $4,162,302.72. Following the completion of the sale, the chief financial officer directly owned 696,117 shares in the company, valued at $12,028,901.76. This represents a 25.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,148,990 shares of company stock worth $31,007,131. Corporate insiders own 23.19% of the company’s stock.

UiPath 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.