Bridgewater Associates LP Has $6.20 Million Stock Position in UiPath Inc. (NYSE:PATH)

Bridgewater Associates LP trimmed its position in UiPath Inc. (NYSE:PATH - Free Report) by 12.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 484,266 shares of the company's stock after selling 70,018 shares during the period. Bridgewater Associates LP owned approximately 0.09% of UiPath worth $6,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in UiPath by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 3,037 shares of the company's stock valued at $69,000 after purchasing an additional 787 shares in the last quarter. Cowa LLC grew its holdings in shares of UiPath by 4.4% in the 3rd quarter. Cowa LLC now owns 26,681 shares of the company's stock valued at $342,000 after acquiring an additional 1,118 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of UiPath by 6.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company's stock valued at $334,000 after acquiring an additional 1,654 shares during the last quarter. Amalgamated Bank raised its holdings in UiPath by 7.1% during the third quarter. Amalgamated Bank now owns 27,312 shares of the company's stock worth $350,000 after acquiring an additional 1,811 shares in the last quarter. Finally, Bangor Savings Bank boosted its position in UiPath by 2.9% during the second quarter. Bangor Savings Bank now owns 67,040 shares of the company's stock valued at $850,000 after purchasing an additional 1,873 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.07, for a total transaction of $575,388.97. Following the sale, the chief financial officer now directly owns 849,917 shares in the company, valued at $10,258,498.19. This represents a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.37% of the stock is currently owned by corporate insiders.

UiPath Trading Up 0.9 %

PATH stock traded up $0.12 during trading hours on Friday, hitting $14.21. 4,055,586 shares of the stock were exchanged, compared to its average volume of 9,469,106. The company has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $13.02. The firm has a market capitalization of $7.81 billion, a P/E ratio of -71.05 and a beta of 0.87. UiPath Inc. has a 12 month low of $10.37 and a 12 month 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 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The business had revenue of $316.00 million for the quarter, compared to analyst estimates of $303.69 million. During the same period last year, the firm earned ($0.09) earnings per share. UiPath's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that UiPath Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

PATH has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of UiPath in a research report on Wednesday, October 23rd. Wells Fargo & Company dropped their price target on shares of UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $16.00 price target on shares of UiPath in a research note on Friday, September 6th. Morgan Stanley restated an "equal weight" rating and set a $15.00 price objective on shares of UiPath in a research note on Friday, September 6th. Finally, DA Davidson raised their target price on shares of UiPath from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Sixteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $17.47.

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.