UiPath, Inc. (NYSE:PATH) Shares Bought by Cowa LLC

Cowa LLC raised its holdings in UiPath, Inc. (NYSE:PATH) by 25.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,616 shares of the company’s stock after acquiring an additional 8,286 shares during the quarter. Cowa LLC’s holdings in UiPath were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of Nova Scotia acquired a new stake in UiPath during the 1st quarter worth about $3,907,000. Clear Creek Financial Management LLC acquired a new stake in UiPath during the 1st quarter worth about $266,000. Invesco Ltd. raised its holdings in UiPath by 10.5% during the 4th quarter. Invesco Ltd. now owns 382,800 shares of the company’s stock worth $4,865,000 after buying an additional 36,332 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of UiPath in the 1st quarter valued at about $241,000. Finally, Pallas Capital Advisors LLC increased its holdings in shares of UiPath by 32.2% in the 1st quarter. Pallas Capital Advisors LLC now owns 84,776 shares of the company’s stock valued at $873,000 after purchasing an additional 20,667 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PATH shares. Canaccord Genuity Group set a $16.00 price target on UiPath and gave the company a “buy” rating in a research note on Monday, June 2nd. Evercore ISI upped their target price on UiPath from $11.00 to $15.00 and gave the company an “in-line” rating in a research note on Friday, May 30th. Zacks Research upgraded UiPath to a “hold” rating in a research note on Friday, August 8th. Barclays reiterated an “equal weight” rating on shares of UiPath in a research note on Friday, May 30th. Finally, Morgan Stanley raised their target price on UiPath from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.83.

Insider Transactions at UiPath

In other news, CEO Daniel Dines sold 9,988 shares of UiPath stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $12.00, for a total transaction of $119,856.00. Following the sale, the chief executive officer directly owned 4,598,388 shares in the company, valued at $55,180,656. The trade was a 0.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 831,310 shares of company stock worth $10,428,922 in the last ninety days. Corporate insiders own 23.19% of the company’s stock.

UiPath Price Performance

Shares of NYSE PATH opened at $10.98 on Friday. The stock’s fifty day moving average price is $12.22 and its two-hundred day moving average price is $12.19. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of -91.49, a P/E/G ratio of 14.06 and a beta of 1.03. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93.

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