Matauro LLC Takes Position in UiPath, Inc. $PATH

Matauro LLC bought a new stake in shares of UiPath, Inc. (NYSE:PATH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 119,965 shares of the company’s stock, valued at approximately $1,966,000.

Several other institutional investors and hedge funds have also bought and sold shares of PATH. Vanguard Group Inc. raised its holdings in UiPath by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock valued at $640,847,000 after buying an additional 2,251,434 shares during the last quarter. D.A. Davidson & CO. raised its holdings in UiPath by 23.8% in the 3rd quarter. D.A. Davidson & CO. now owns 752,448 shares of the company’s stock worth $10,068,000 after purchasing an additional 144,832 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of UiPath in the 3rd quarter worth about $1,579,000. Hillsdale Investment Management Inc. boosted its stake in shares of UiPath by 413.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 307,700 shares of the company’s stock valued at $4,117,000 after purchasing an additional 247,800 shares in the last quarter. Finally, DNB Asset Management AS purchased a new position in shares of UiPath during the third quarter valued at about $2,066,000. 62.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $15.73, for a total transaction of $707,850.00. Following the transaction, the chief executive officer directly owned 28,343,585 shares of the company’s stock, valued at $445,844,592.05. The trade was a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the transaction, the chief financial officer owned 557,028 shares of the company’s stock, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 427,468 shares of company stock worth $6,887,635 in the last quarter. Corporate insiders own 23.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. DA Davidson cut their price objective on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Barclays raised their target price on shares of UiPath from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. William Blair reiterated a “hold” rating on shares of UiPath in a research note on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.07.

UiPath Trading Down 0.6%

Shares of PATH stock opened at $11.04 on Thursday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.82 and a beta of 1.03. The firm’s 50 day moving average is $11.86 and its 200 day moving average is $14.02. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. During the same period last year, the business posted $0.26 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts predict that UiPath, Inc. will post -0.17 earnings per share 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.