LMR Partners LLP Acquires Shares of 43,790 UiPath Inc. (NYSE:PATH)

LMR Partners LLP bought a new position in shares of UiPath Inc. (NYSE:PATH - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 43,790 shares of the company's stock, valued at approximately $561,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in UiPath during the 2nd quarter valued at approximately $69,180,000. Vanguard Group Inc. boosted its position in shares of UiPath by 5.6% in the first quarter. Vanguard Group Inc. now owns 40,217,936 shares of the company's stock valued at $911,741,000 after acquiring an additional 2,133,078 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of UiPath in the second quarter worth $13,280,000. AQR Capital Management LLC increased its position in UiPath by 120.6% during the second quarter. AQR Capital Management LLC now owns 1,633,393 shares of the company's stock worth $20,385,000 after acquiring an additional 892,845 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in UiPath by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company's stock valued at $35,296,000 after purchasing an additional 754,519 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction 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 owns 849,917 shares in the company, valued at $10,258,498.19. This trade represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 22.37% of the company's stock.

UiPath Stock Up 0.9 %

Shares of PATH stock traded up $0.11 during trading on Wednesday, reaching $12.87. The company's stock had a trading volume of 9,679,937 shares, compared to its average volume of 9,482,770. UiPath Inc. has a one year low of $10.37 and a one year high of $27.87. The business has a fifty day moving average price of $12.63 and a 200-day moving average price of $13.25. The company has a market cap of $7.08 billion, a price-to-earnings ratio of -63.85 and a beta of 0.87.

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 company had revenue of $316.00 million during the quarter, compared to analysts' expectations of $303.69 million. During the same quarter last year, the company earned ($0.09) EPS. UiPath's revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts anticipate that UiPath Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PATH shares. Evercore ISI upped their price target on UiPath from $13.00 to $16.00 and gave the company an "in-line" rating in a report on Friday, September 6th. Barclays raised their target price on UiPath from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Friday, September 6th. Wells Fargo & Company lowered their price target on shares of UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $15.00 price objective on shares of UiPath in a report on Friday, September 6th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $16.00 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 MarketBeat, UiPath has a consensus rating of "Hold" and a consensus 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.