UiPath Inc. (NYSE:PATH) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 60.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 557,667 shares of the company's stock after purchasing an additional 209,300 shares during the quarter. D.A. Davidson & CO. owned approximately 0.10% of UiPath worth $7,138,000 at the end of the most recent quarter.

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

UiPath Trading Down 0.6 %

NYSE PATH traded down $0.09 during trading hours on Thursday, reaching $14.09. 5,643,697 shares of the company traded hands, compared to its average volume of 9,492,401. The company has a 50 day moving average of $12.83 and a two-hundred day moving average of $13.05. The stock has a market capitalization of $7.75 billion, a PE ratio of -70.45 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 announced its quarterly earnings data on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $303.69 million. During the same period in the previous year, the company earned ($0.09) earnings per share. UiPath's quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts anticipate that UiPath Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

PATH has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. BMO Capital Markets increased their price objective on shares of UiPath from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, September 6th. Royal Bank of Canada restated a "sector perform" rating and set a $16.00 target price on shares of UiPath in a report on Friday, September 6th. Barclays upped their price target on shares of UiPath from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday, September 6th. Finally, Evercore ISI raised their price objective on UiPath from $13.00 to $16.00 and gave the company an "in-line" rating in a research report on Friday, September 6th. Sixteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, UiPath presently has a consensus rating of "Hold" and an average price target of $17.47.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of UiPath stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.07, for a total value of $575,388.97. Following the completion of the transaction, the chief financial officer now directly owns 849,917 shares in the company, valued at $10,258,498.19. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 22.37% of the company's stock.

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.