New York State Teachers Retirement System Invests $535,000 in UiPath, Inc. $PATH

New York State Teachers Retirement System bought a new position in shares of UiPath, Inc. (NYSE:PATH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,018 shares of the company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Forum Financial Management LP acquired a new stake in UiPath during the third quarter worth approximately $190,000. Lecap Asset Management Ltd. raised its stake in UiPath by 426.9% during the 3rd quarter. Lecap Asset Management Ltd. now owns 126,843 shares of the company’s stock worth $1,697,000 after acquiring an additional 102,768 shares in the last quarter. SG Americas Securities LLC raised its stake in UiPath by 39.1% during the 3rd quarter. SG Americas Securities LLC now owns 120,653 shares of the company’s stock worth $1,614,000 after acquiring an additional 33,945 shares in the last quarter. HB Wealth Management LLC purchased a new stake in UiPath in the third quarter valued at $142,000. Finally, CX Institutional boosted its stake in UiPath by 37.4% in the third quarter. CX Institutional now owns 6,888 shares of the company’s stock valued at $92,000 after acquiring an additional 1,874 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Trading Up 0.2%

UiPath stock opened at $14.38 on Wednesday. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The stock has a 50 day moving average of $15.73 and a two-hundred day moving average of $13.93. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 4.21 and a beta of 1.08.

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

Analyst Ratings Changes

Several equities analysts have issued reports on PATH shares. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research note on Monday, December 29th. Truist Financial set a $17.00 price target on UiPath in a research report on Thursday, December 4th. DA Davidson increased their price objective on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Morgan Stanley raised their target price on shares of UiPath from $15.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average price target of $16.00.

Insiders Place Their Bets

In other news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $19.21, for a total value of $864,450.00. Following the completion of the sale, the chief executive officer owned 29,153,585 shares in the company, valued at approximately $560,040,367.85. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the transaction, the chief financial officer owned 557,028 shares in the company, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,130,048 shares of company stock valued at $18,827,894. 23.19% of the stock is owned by insiders.

UiPath Company 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.