Charles Schwab Investment Management Inc. Has $37 Million Holdings in UiPath Inc. (NYSE:PATH)

Charles Schwab Investment Management Inc. increased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 11.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,890,360 shares of the company's stock after buying an additional 291,171 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.53% of UiPath worth $36,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board grew its holdings in shares of UiPath by 136.0% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company's stock worth $1,392,000 after acquiring an additional 62,650 shares during the last quarter. LMR Partners LLP acquired a new position in shares of UiPath in the 3rd quarter worth $561,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of UiPath by 164.9% in the 3rd 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 during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of UiPath by 3,389.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 89,189 shares of the company's stock worth $1,131,000 after acquiring an additional 86,633 shares during the last quarter. Finally, Armistice Capital LLC grew its holdings in shares of UiPath by 94.9% in the 2nd quarter. Armistice Capital LLC now owns 726,520 shares of the company's stock worth $9,212,000 after acquiring an additional 353,781 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 47,671 shares of the company's 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 sale, the chief financial officer now directly owns 849,917 shares in the company, valued at approximately $10,258,498.19. This represents a 5.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 22.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. DA Davidson lifted their target price on UiPath from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Evercore ISI raised their target price on UiPath from $13.00 to $16.00 and gave the stock an "in-line" rating in a research report on Friday, September 6th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $15.00 target price on shares of UiPath in a research report on Friday, September 6th. JPMorgan Chase & Co. decreased their target price on UiPath from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their target price on UiPath from $15.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 23rd. Sixteen research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $17.47.

UiPath Stock Down 1.0 %

Shares of NYSE:PATH traded down $0.14 on Tuesday, reaching $14.38. The company had a trading volume of 7,218,767 shares, compared to its average volume of 9,460,876. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The stock has a 50-day moving average price of $12.93 and a 200 day moving average price of $12.87. The stock has a market capitalization of $7.91 billion, a P/E ratio of -71.90 and a beta of 0.94.

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

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.