UiPath, Inc. $PATH Stake Raised by MRP Capital Investments LLC

MRP Capital Investments LLC boosted its holdings in shares of UiPath, Inc. (NYSE:PATH) by 560.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,800 shares of the company’s stock after acquiring an additional 44,800 shares during the quarter. MRP Capital Investments LLC’s holdings in UiPath were worth $676,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Inspire Investing LLC acquired a new stake in shares of UiPath during the 2nd quarter valued at about $891,000. AlphaQuest LLC raised its position in UiPath by 863.9% during the second quarter. AlphaQuest LLC now owns 42,847 shares of the company’s stock valued at $548,000 after acquiring an additional 38,402 shares in the last quarter. Jump Financial LLC acquired a new stake in UiPath in the first quarter valued at approximately $11,016,000. Russell Investments Group Ltd. lifted its stake in UiPath by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 1,445,644 shares of the company’s stock valued at $18,448,000 after acquiring an additional 98,058 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its position in UiPath by 24.8% in the second quarter. Pallas Capital Advisors LLC now owns 105,834 shares of the company’s stock worth $1,355,000 after acquiring an additional 21,058 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Ashim Gupta sold 240,874 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $17.28, for a total transaction of $4,162,302.72. Following the completion of the transaction, the chief financial officer directly owned 696,117 shares in the company, valued at $12,028,901.76. This represents a 25.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel Dines sold 122,734 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $14.89, for a total transaction of $1,827,509.26. Following the completion of the sale, the chief executive officer owned 613,670 shares in the company, valued at $9,137,546.30. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,391,582 shares of company stock worth $35,767,934 in the last ninety days. 23.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PATH. Canaccord Genuity Group raised their price target on shares of UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Mizuho raised their target price on UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Royal Bank Of Canada boosted their price target on UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Finally, Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, UiPath currently has a consensus rating of “Hold” and a consensus target price of $16.00.

UiPath Stock Performance

NYSE PATH opened at $17.42 on Friday. The stock has a 50-day simple moving average of $15.48 and a 200 day simple moving average of $13.28. UiPath, Inc. has a twelve month low of $9.38 and a twelve month high of $19.84. The stock has a market capitalization of $9.25 billion, a PE ratio of 41.46, a P/E/G ratio of 5.19 and a beta of 1.10.

UiPath (NYSE:PATH) last released its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm had revenue of $411.11 million for the quarter, compared to analyst estimates of $392.46 million. During the same quarter last year, the firm posted $0.11 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current fiscal year.

UiPath 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.