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

Oak Thistle LLC trimmed its holdings in UiPath, Inc. (NYSE:PATH) by 45.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,401 shares of the company’s stock after selling 36,563 shares during the period. Oak Thistle LLC’s holdings in UiPath were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PATH. Invesco Ltd. boosted its holdings in UiPath by 18.8% in the first quarter. Invesco Ltd. now owns 454,849 shares of the company’s stock worth $4,685,000 after purchasing an additional 72,049 shares in the last quarter. Nuveen LLC bought a new stake in shares of UiPath during the 1st quarter worth about $10,503,000. Raymond James Financial Inc. increased its holdings in shares of UiPath by 58.4% during the 1st quarter. Raymond James Financial Inc. now owns 686,278 shares of the company’s stock valued at $7,069,000 after acquiring an additional 253,113 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of UiPath by 314.3% in the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock valued at $46,000 after acquiring an additional 3,420 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in UiPath by 17.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 29,943 shares of the company’s stock worth $308,000 after purchasing an additional 4,458 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

NYSE PATH opened at $16.14 on Friday. The company’s fifty day moving average is $15.48 and its two-hundred day moving average is $13.39. UiPath, Inc. has a 52-week low of $9.38 and a 52-week high of $19.84. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 4.82 and a beta of 1.10.

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. 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 in the prior year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Brad Brubaker sold 27,580 shares of UiPath stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $18.55, for a total transaction of $511,609.00. Following the sale, the insider owned 635,359 shares of the company’s stock, valued at approximately $11,785,909.45. This trade represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $16.07, for a total value of $723,150.00. Following the completion of the transaction, the chief executive officer owned 28,793,585 shares of the company’s stock, valued at $462,712,910.95. The trade was a 0.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,326,116 shares of company stock valued at $35,900,303 in the last quarter. Corporate insiders own 23.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PATH. DA Davidson increased their price target on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Mizuho raised their target price on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Truist Financial set a $17.00 price target on shares of UiPath in a report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Monday. One 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.com, UiPath currently has an average rating of “Hold” and a consensus price target of $16.00.

About UiPath

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.