Senvest Management LLC Grows Stock Holdings in UiPath Inc. (NYSE:PATH)

Senvest Management LLC boosted its holdings in shares of UiPath Inc. (NYSE:PATH - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,894,483 shares of the company's stock after acquiring an additional 1,559,500 shares during the period. UiPath makes up approximately 4.9% of Senvest Management LLC's investment portfolio, making the stock its 5th largest holding. Senvest Management LLC owned 1.98% of UiPath worth $139,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Financial Private Client LLC lifted its position in UiPath by 9.3% in the 1st quarter. Global Financial Private Client LLC now owns 6,471 shares of the company's stock valued at $144,000 after acquiring an additional 551 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of 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 boosted its position in shares of UiPath by 4.4% during the third quarter. Cowa LLC now owns 26,681 shares of the company's stock worth $342,000 after buying an additional 1,118 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of UiPath by 6.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 26,090 shares of the company's stock worth $334,000 after buying an additional 1,654 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in UiPath by 7.1% in the 3rd quarter. Amalgamated Bank now owns 27,312 shares of the company's stock valued at $350,000 after acquiring an additional 1,811 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Stock Up 4.1 %

Shares of NYSE PATH traded up $0.56 during mid-day trading on Friday, reaching $14.24. 13,779,024 shares of the company were exchanged, compared to its average volume of 7,212,979. The stock has a market capitalization of $7.83 billion, a P/E ratio of -71.20 and a beta of 0.87. The company's 50-day simple moving average is $12.71 and its 200-day simple moving average is $13.11. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87.

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 the consensus estimate of $0.03 by $0.01. The firm had revenue of $316.00 million during the quarter, compared to the consensus estimate of $303.69 million. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share. As a group, equities research analysts expect that UiPath Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Cowen decreased their price target on shares of UiPath from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, September 6th. 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. Barclays increased their price objective on shares of UiPath from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Friday, September 6th. BMO Capital Markets lifted their target price on UiPath from $14.00 to $15.00 and gave the company a "market perform" rating in a research report on Friday, September 6th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $15.00 price target on shares of UiPath in a research report 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, UiPath currently has a consensus rating of "Hold" and an average price target of $17.47.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were 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 represents a 5.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.37% of the company's stock.

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.