Ontario Teachers Pension Plan Board Grows Stock Position in UiPath Inc. (NYSE:PATH)

Ontario Teachers Pension Plan Board raised its position in UiPath Inc. (NYSE:PATH - Free Report) by 136.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 108,725 shares of the company's stock after acquiring an additional 62,650 shares during the period. Ontario Teachers Pension Plan Board's holdings in UiPath were worth $1,392,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in 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 purchasing an additional 2,133,078 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in UiPath by 164.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 95,469 shares of the company's stock worth $1,222,000 after acquiring an additional 59,435 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in UiPath by 3,389.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 89,189 shares of the company's stock valued at $1,131,000 after purchasing an additional 86,633 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in UiPath by 4.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 231,694 shares of the company's stock valued at $5,240,000 after purchasing an additional 9,393 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of UiPath during the 3rd quarter worth approximately $561,000. 62.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the business's stock in a transaction dated Friday, September 13th. The shares were 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 approximately $10,258,498.19. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.37% of the stock is owned by company insiders.

UiPath Price Performance

Shares of NYSE:PATH traded up $0.59 during trading hours on Thursday, hitting $13.46. 3,655,694 shares of the company's stock traded hands, compared to its average volume of 9,461,180. The business has a fifty day moving average price of $12.65 and a 200-day moving average price of $13.24. The firm has a market capitalization of $7.40 billion, a P/E ratio of -64.35 and a beta of 0.87. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87.

UiPath (NYSE:PATH - Get Free Report) last issued its 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 company posted ($0.09) earnings per share. The company's quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts predict that UiPath Inc. will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

PATH has been the topic of several recent analyst reports. Bank of America boosted their price objective on shares of UiPath from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. TD Cowen cut their price objective on UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, September 6th. Needham & Company LLC reissued a "hold" rating on shares of UiPath in a report on Wednesday, October 23rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $15.00 price target 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 price objective on shares of UiPath 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 data from MarketBeat, the stock currently has an average 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.