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

SBI Securities Co. Ltd. reduced its holdings in UiPath, Inc. (NYSE:PATH) by 64.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the company’s stock after selling 41,582 shares during the period. SBI Securities Co. Ltd.’s holdings in UiPath were worth $299,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PATH. BlackRock Inc. lifted 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 buying an additional 3,097,822 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in UiPath during the second quarter valued at $1,183,000. First Trust Advisors LP grew its stake in UiPath by 48.7% in the first quarter. First Trust Advisors LP now owns 1,624,148 shares of the company’s stock valued at $18,028,000 after purchasing an additional 532,157 shares in the last quarter. Hsbc Holdings PLC grew its stake in UiPath by 269.1% in the second quarter. Hsbc Holdings PLC now owns 739,993 shares of the company’s stock valued at $7,967,000 after purchasing an additional 539,528 shares in the last quarter. Finally, State Street Corp increased its position in UiPath by 3.6% in the 2nd quarter. State Street Corp now owns 13,832,188 shares of the company’s stock worth $150,356,000 after purchasing an additional 486,007 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Trading Up 1.3%

PATH stock opened at $14.32 on Tuesday. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84. The firm has a market cap of $7.46 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.33 and a beta of 1.01. The business’s 50 day moving average is $14.46 and its 200-day moving average is $12.50.

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

Insider Activity

In other news, COO Ashim Gupta sold 66,052 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $13.17, for a total transaction of $869,904.84. Following the completion of the sale, the chief operating officer owned 1,902,434 shares of the company’s stock, valued at approximately $25,055,055.78. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Raghavendra Malpani sold 29,565 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $14.00, for a total transaction of $413,910.00. Following the sale, the insider directly owned 1,484,716 shares of the company’s stock, valued at approximately $20,786,024. The trade was a 1.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,962,735 shares of company stock worth $43,584,098 over the last 90 days. 22.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PATH has been the subject of a number of recent analyst reports. TD Cowen reaffirmed a “hold” rating and set a $16.00 target price on shares of UiPath in a research report on Wednesday, September 23rd. New Street Research set a $15.00 price target on UiPath in a report on Thursday, September 24th. UBS Group reduced their price objective on UiPath from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, September 25th. BMO Capital Markets lowered their price objective on UiPath from $18.00 to $15.00 and set a “market perform” rating on the stock in a research report on Thursday, September 24th. Finally, Oppenheimer restated a “market perform” rating on shares of UiPath in a research note on Friday, September 4th. Four research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.69.

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.