Oak Thistle LLC Has $594,000 Stock Position in UiPath, Inc. $PATH

Oak Thistle LLC reduced its stake in UiPath, Inc. (NYSE:PATH) by 45.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 44,401 shares of the company’s stock after selling 36,563 shares during the quarter. Oak Thistle LLC’s holdings in UiPath were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PATH. American Trust bought a new position in shares of UiPath during the 2nd quarter worth approximately $148,000. Total Investment Management Inc. acquired a new position in UiPath during the second quarter worth $108,000. Orion Porfolio Solutions LLC lifted its holdings in shares of UiPath by 12.5% during the second quarter. Orion Porfolio Solutions LLC now owns 28,862 shares of the company’s stock valued at $369,000 after acquiring an additional 3,203 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of UiPath by 0.6% during the second quarter. Neuberger Berman Group LLC now owns 2,495,934 shares of the company’s stock valued at $31,941,000 after acquiring an additional 13,980 shares during the period. Finally, Marex Group plc acquired a new stake in shares of UiPath in the 2nd quarter valued at $167,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $16.07, for a total transaction of $723,150.00. Following the completion of the sale, the chief executive officer owned 28,793,585 shares in the company, valued at $462,712,910.95. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brad Brubaker sold 27,580 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $18.55, for a total value of $511,609.00. Following the transaction, the insider directly owned 635,359 shares in the company, valued at $11,785,909.45. This trade represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,326,116 shares of company stock valued at $35,900,303 over the last three months. Insiders own 23.19% of the company’s stock.

UiPath Trading Up 1.3%

Shares of PATH stock opened at $16.14 on Friday. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84. The firm’s 50 day moving average is $15.48 and its 200-day moving average is $13.39. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 4.82 and a beta of 1.10.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PATH. Zacks Research cut shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Cowen reaffirmed a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. DA Davidson lifted their target price on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Royal Bank Of Canada increased their price target on UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 10th. Finally, Canaccord Genuity Group raised their price target on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

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. 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.