Quantbot Technologies LP Has $1.30 Million Stock Position in UiPath Inc. (NYSE:PATH)

Quantbot Technologies LP boosted its position in shares of UiPath Inc. (NYSE:PATH - Free Report) by 667.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,718 shares of the company's stock after purchasing an additional 88,468 shares during the quarter. Quantbot Technologies LP's holdings in UiPath were worth $1,302,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new position in shares of UiPath during the 2nd quarter valued at about $69,180,000. Senvest Management LLC lifted its stake in UiPath by 16.7% in the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company's stock valued at $139,449,000 after buying an additional 1,559,500 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of UiPath in the second quarter valued at approximately $13,280,000. AQR Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of UiPath by 37.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company's stock worth $35,296,000 after acquiring an additional 754,519 shares during the period. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of research analyst reports. Evercore ISI upped their target price on shares of UiPath from $13.00 to $16.00 and gave the stock an "in-line" rating in a research note on Friday, September 6th. Wells Fargo & Company dropped their target price on UiPath from $15.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price target on UiPath from $14.00 to $15.00 and gave the stock a "market perform" rating in a research report on Friday, September 6th. Morgan Stanley reaffirmed an "equal weight" rating and set a $15.00 price target on shares of UiPath in a research note on Friday, September 6th. Finally, Barclays boosted their price objective 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. Sixteen equities research 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 has an average rating of "Hold" and an average price target of $17.47.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the firm's 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 22.37% of the company's stock.

UiPath Stock Performance

PATH traded up $0.12 on Friday, reaching $14.21. The company had a trading volume of 4,055,586 shares, compared to its average volume of 7,902,884. The stock has a market cap of $7.81 billion, a P/E ratio of -71.05 and a beta of 0.87. UiPath Inc. has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The company's fifty day moving average is $12.90 and its 200 day moving average is $12.97.

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