154,472 UiPath, Inc. $PATH Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its stake in shares of UiPath, Inc. (NYSE:PATH) by 93.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,575 shares of the company’s stock after selling 154,472 shares during the period. Teamwork Financial Advisors LLC’s holdings in UiPath were worth $136,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of UiPath by 7.2% during the 2nd quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock worth $501,684,000 after purchasing an additional 3,097,822 shares during the period. Redwood Investment Management LLC purchased a new stake in UiPath in the 2nd quarter worth about $1,183,000. First Trust Advisors LP raised its position in UiPath by 48.7% in the 1st quarter. First Trust Advisors LP now owns 1,624,148 shares of the company’s stock worth $18,028,000 after purchasing an additional 532,157 shares during the period. Hsbc Holdings PLC raised its position in UiPath by 269.1% in the 2nd quarter. Hsbc Holdings PLC now owns 739,993 shares of the company’s stock worth $7,967,000 after purchasing an additional 539,528 shares during the period. Finally, State of Michigan Retirement System bought a new stake in UiPath in the first quarter worth about $1,143,000. 62.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UiPath

In other news, COO Ashim Gupta sold 117,339 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $13.85, for a total value of $1,625,145.15. Following the completion of the sale, the chief operating officer owned 2,037,377 shares in the company, valued at approximately $28,217,671.45. The trade was a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brad Brubaker sold 27,404 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $13.63, for a total transaction of $373,516.52. Following the completion of the sale, the insider directly owned 1,066,107 shares of the company’s stock, valued at $14,531,038.41. The trade was a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,933,170 shares of company stock worth $43,170,188. Company insiders own 22.44% of the company’s stock.

UiPath Trading Up 2.1%

Shares of PATH traded up $0.27 during trading hours on Monday, reaching $13.12. 22,142,157 shares of the company traded hands, compared to its average volume of 45,635,328. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.21 and a beta of 1.01. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The stock’s fifty day moving average price is $14.70 and its 200 day moving average price is $12.39.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, September 3rd. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The business had revenue of $410.26 million for the quarter, compared to the consensus estimate of $397.77 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts forecast that UiPath, Inc. will post 0.49 earnings per share for the current year.

Wall Street Analyst Weigh In

PATH has been the subject of several recent analyst reports. Barclays boosted their target price on UiPath from $14.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, September 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of UiPath in a report on Wednesday, September 23rd. Canaccord Genuity Group reduced their price target on UiPath from $17.00 to $14.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. BMO Capital Markets decreased their price target on UiPath from $18.00 to $15.00 and set a “market perform” rating for the company in a research note on Thursday, September 24th. Finally, TD Cowen reissued a “hold” rating and set a $16.00 price target on shares of UiPath in a research note on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, UiPath has an average rating of “Hold” and an average price target of $15.69.

UiPath Profile

UiPath, Inc develops enterprise automation software that helps organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation with artificial intelligence, workflow orchestration, process mining, document processing and application integration capabilities.

The company’s products are designed to support the discovery, development, deployment and management of software robots and AI-powered automations across functions such as finance, customer service, human resources, information technology and operations.