UiPath, Inc. $PATH Shares Sold by Sirios Capital Management L P

Sirios Capital Management L P lowered its position in UiPath, Inc. (NYSE:PATH) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,935 shares of the company’s stock after selling 63,980 shares during the quarter. Sirios Capital Management L P’s holdings in UiPath were worth $2,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of UiPath by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock valued at $495,029,000 after buying an additional 1,396,972 shares during the period. Federated Hermes Inc. lifted its stake in UiPath by 40.7% in the second quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock worth $103,019,000 after acquiring an additional 2,328,225 shares during the last quarter. State Street Corp raised its stake in UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after buying an additional 378,851 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in UiPath by 51.7% in the second quarter. Acadian Asset Management LLC now owns 6,432,985 shares of the company’s stock valued at $82,322,000 after acquiring an additional 2,191,938 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in UiPath by 10.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,132,003 shares of the company’s stock worth $63,164,000 after acquiring an additional 602,866 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $19.21, for a total value of $864,450.00. Following the transaction, the chief executive officer owned 29,153,585 shares in the company, valued at $560,040,367.85. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brad Brubaker sold 27,580 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $18.55, for a total value of $511,609.00. Following the completion of the transaction, the insider owned 635,359 shares in the company, valued at $11,785,909.45. This represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,346,582 shares of company stock valued at $34,930,484. Insiders own 23.19% of the company’s stock.

UiPath Stock Down 1.7%

Shares of PATH stock opened at $18.97 on Wednesday. The stock has a 50-day simple moving average of $15.18 and a 200 day simple moving average of $13.17. The stock has a market capitalization of $10.07 billion, a P/E ratio of 45.16, a P/E/G ratio of 7.16 and a beta of 1.10. UiPath, Inc. has a fifty-two week low of $9.38 and a fifty-two week high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $411.11 million during the quarter, compared to the consensus estimate of $392.46 million. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. On average, sell-side analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on PATH shares. DA Davidson lifted their price target on shares of UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Royal Bank Of Canada upped their target price on UiPath from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 4th. Canaccord Genuity Group increased their target price on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley lifted their price target on shares of UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price target on shares of UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $15.77.

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.