Leuthold Group LLC Buys New Shares in UiPath, Inc. $PATH

Leuthold Group LLC bought a new stake in UiPath, Inc. (NYSE:PATH) during the 3rd quarter, Holdings Channel.com reports. The firm bought 278,223 shares of the company’s stock, valued at approximately $3,572,000.

Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of UiPath by 1.5% during the 3rd quarter. Parallel Advisors LLC now owns 71,666 shares of the company’s stock worth $920,000 after acquiring an additional 1,052 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of UiPath by 68.7% in the third quarter. CoreCap Advisors LLC now owns 2,679 shares of the company’s stock valued at $34,000 after purchasing an additional 1,091 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of UiPath by 8.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 14,174 shares of the company’s stock valued at $182,000 after purchasing an additional 1,094 shares during the last quarter. Allworth Financial LP lifted its position in shares of UiPath by 5.2% in the second quarter. Allworth Financial LP now owns 23,537 shares of the company’s stock worth $256,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of UiPath by 23.1% in the third quarter. Signaturefd LLC now owns 7,565 shares of the company’s stock worth $97,000 after purchasing an additional 1,422 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Bank of America increased their target price on shares of UiPath from $13.00 to $15.00 and gave the stock an “underperform” rating in a report on Friday, September 4th. TD Cowen reiterated a “hold” rating and issued a $16.00 price target on shares of UiPath in a research note on Wednesday, September 23rd. Mizuho boosted their price target on shares of UiPath from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Truist Financial cut their price target on shares of UiPath from $17.00 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, September 23rd. Finally, Weiss Ratings upgraded shares of UiPath from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, UiPath has an average rating of “Hold” and an average target price of $15.69.

Insider Activity

In other UiPath news, COO Ashim Gupta sold 117,339 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $13.85, for a total transaction of $1,625,145.15. Following the sale, the chief operating officer directly owned 2,037,377 shares of the company’s stock, valued at approximately $28,217,671.45. This represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Daniel Dines sold 1,402,347 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total transaction of $22,535,716.29. Following the sale, the chief executive officer directly owned 26,491,238 shares in the company, valued at $425,714,194.66. This trade represents a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,962,735 shares of company stock valued at $43,584,098 over the last three months. Corporate insiders own 22.44% of the company’s stock.

UiPath Stock Down 0.3%

PATH stock opened at $12.96 on Tuesday. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.27 and a beta of 1.04. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84. The business has a 50 day moving average price of $13.83 and a two-hundred day moving average price of $12.38.

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

UiPath Company Profile

UiPath Inc develops enterprise automation software that helps organizations automate repetitive, rules-based work and more complex business processes. Its platform combines robotic process automation with artificial intelligence and tools for managing automated workflows.

Its products and services include software robots, workflow orchestration, process and task discovery, and tools for processing documents. UiPath serves businesses and public-sector organizations across a range of industries and geographies.

Founded in Bucharest, Romania, in 2005, the company was initially known as DeskOver before adopting the UiPath name.