DRW Securities LLC Makes New $674,000 Investment in UiPath Inc. (NYSE:PATH)

DRW Securities LLC bought a new stake in shares of UiPath Inc. (NYSE:PATH - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 52,637 shares of the company's stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PATH. Future Financial Wealth Managment LLC acquired a new stake in shares of UiPath in the third quarter worth $26,000. JTC Employer Solutions Trustee Ltd acquired a new stake in UiPath during the 3rd quarter worth about $26,000. Hantz Financial Services Inc. purchased a new position in UiPath during the 2nd quarter valued at about $28,000. Redwood Wealth Management Group LLC acquired a new position in shares of UiPath in the 2nd quarter valued at about $43,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of UiPath by 124.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company's stock worth $52,000 after purchasing an additional 2,274 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 47,671 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.07, for a total transaction of $575,388.97. Following the transaction, the chief financial officer now directly owns 849,917 shares of the company's stock, valued at approximately $10,258,498.19. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.37% of the company's stock.

Analyst Ratings Changes

PATH has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of UiPath from $14.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, September 6th. Barclays increased their price target on shares of UiPath from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Friday, September 6th. Evercore ISI lifted their price target on UiPath from $13.00 to $16.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. TD Cowen reduced their price target on shares of UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a report on Friday, September 6th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $15.00 target price on shares of UiPath in a research note on Friday, September 6th. Sixteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $17.47.

UiPath Trading Down 0.6 %

Shares of UiPath stock traded down $0.09 during trading on Wednesday, reaching $14.09. The stock had a trading volume of 5,578,988 shares, compared to its average volume of 9,492,362. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of -70.40 and a beta of 0.87. The stock has a fifty day moving average price of $12.79 and a two-hundred day moving average price of $13.04. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. UiPath had a negative return on equity of 3.98% and a negative net margin of 8.13%. The firm had revenue of $316.00 million during the quarter, compared to the consensus estimate of $303.69 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The business's revenue was up 10.0% on a year-over-year basis. On average, equities analysts forecast that UiPath Inc. will post -0.23 EPS for the current fiscal year.

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.