Trexquant Investment LP Has $19.80 Million Holdings in UiPath, Inc. $PATH

Trexquant Investment LP raised its position in UiPath, Inc. (NYSE:PATH) by 56.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,922,012 shares of the company’s stock after purchasing an additional 693,738 shares during the quarter. Trexquant Investment LP’s holdings in UiPath were worth $19,797,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia acquired a new position in shares of UiPath during the first quarter worth approximately $3,907,000. Deutsche Bank AG lifted its holdings in UiPath by 3.8% in the first quarter. Deutsche Bank AG now owns 1,562,306 shares of the company’s stock valued at $16,092,000 after buying an additional 56,721 shares during the period. Clear Creek Financial Management LLC bought a new stake in UiPath in the first quarter valued at approximately $266,000. Jump Financial LLC bought a new stake in UiPath in the first quarter valued at approximately $11,016,000. Finally, Blueshift Asset Management LLC bought a new stake in UiPath in the first quarter valued at approximately $241,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PATH has been the subject of several recent analyst reports. Canaccord Genuity Group set a $16.00 target price on shares of UiPath and gave the company a “buy” rating in a research note on Monday, June 2nd. Royal Bank Of Canada upped their target price on shares of UiPath from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, May 30th. DA Davidson raised shares of UiPath to a “hold” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of UiPath in a research note on Friday, May 30th. Finally, Wall Street Zen downgraded shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 3rd. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $13.83.

Insider Buying and Selling

In other news, CFO Ashim Gupta sold 56,322 shares of UiPath stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total value of $716,415.84. Following the completion of the sale, the chief financial officer owned 859,991 shares in the company, valued at $10,939,085.52. The trade was a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $12.43, for a total transaction of $559,350.00. Following the completion of the sale, the chief executive officer owned 5,058,376 shares of the company’s stock, valued at $62,875,613.68. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,310 shares of company stock worth $10,428,922 in the last 90 days. Corporate insiders own 23.19% of the company’s stock.

UiPath Stock Performance

NYSE:PATH opened at $11.17 on Thursday. UiPath, Inc. has a 52 week low of $9.38 and a 52 week high of $15.93. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of -93.03, a P/E/G ratio of 14.17 and a beta of 1.03. The firm’s 50-day simple moving average is $11.95 and its 200 day simple moving average is $12.01.

UiPath (NYSE:PATH) last released its earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. Sell-side analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

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.