DRW Securities LLC Makes New Investment in UiPath Inc. (NYSE:PATH)

DRW Securities LLC acquired a new stake in shares of UiPath Inc. (NYSE:PATH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 52,637 shares of the company’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Senvest Management LLC grew its holdings in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of UiPath in the 2nd quarter worth $69,180,000. Charles Schwab Investment Management Inc. grew its stake in shares of UiPath by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock worth $36,997,000 after acquiring an additional 291,171 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of UiPath by 37.2% in the second 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. Finally, Bank of New York Mellon Corp lifted its position in shares of UiPath by 20.8% during the second quarter. Bank of New York Mellon Corp now owns 2,552,921 shares of the company’s stock valued at $32,371,000 after purchasing an additional 439,344 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Ashim Gupta sold 47,671 shares of UiPath 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 completion of the sale, the chief financial officer now owns 849,917 shares of the company’s stock, valued at approximately $10,258,498.19. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 22.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on PATH shares. Morgan Stanley reiterated an “equal weight” rating and issued a $15.00 price objective on shares of UiPath in a research note on Friday, September 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 price target on shares of UiPath in a research report on Friday, September 6th. Wells Fargo & Company cut their price objective 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. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their target price on UiPath from $14.00 to $15.00 and gave the stock a “market perform” rating 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.47.

UiPath Price Performance

Shares of PATH stock opened at $14.19 on Wednesday. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of -70.95 and a beta of 0.87. The company’s fifty day simple moving average is $12.75 and its two-hundred day simple moving average is $13.08. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87.

UiPath (NYSE:PATH) 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 business had revenue of $316.00 million for 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 firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. Equities research analysts anticipate that UiPath Inc. will post -0.23 EPS for the current 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.