Patriot Financial Group Insurance Agency LLC Purchases 53,555 Shares of UiPath, Inc. $PATH

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of UiPath, Inc. (NYSE:PATH) by 249.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 75,050 shares of the company’s stock after buying an additional 53,555 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in UiPath were worth $1,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new position in UiPath during the 2nd quarter valued at about $28,000. AdvisorNet Financial Inc lifted its holdings in shares of UiPath by 320.4% during the second quarter. AdvisorNet Financial Inc now owns 2,476 shares of the company’s stock valued at $32,000 after purchasing an additional 1,887 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of UiPath by 48.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the company’s stock worth $38,000 after purchasing an additional 969 shares in the last quarter. IFP Advisors Inc boosted its position in shares of UiPath by 508.0% in the 2nd quarter. IFP Advisors Inc now owns 3,283 shares of the company’s stock worth $42,000 after purchasing an additional 2,743 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of UiPath by 314.3% in the 1st quarter. Brooklyn Investment Group now owns 4,508 shares of the company’s stock worth $46,000 after buying an additional 3,420 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Trading Up 1.3%

Shares of PATH stock opened at $16.14 on Friday. UiPath, Inc. has a 12-month low of $9.38 and a 12-month high of $19.84. The stock has a market capitalization of $8.63 billion, a P/E ratio of 38.44, a P/E/G ratio of 4.82 and a beta of 1.10. The firm’s 50 day moving average is $15.48 and its 200 day moving average is $13.39.

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

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 240,874 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $17.28, for a total value of $4,162,302.72. Following the transaction, the chief financial officer directly owned 696,117 shares of the company’s stock, valued at approximately $12,028,901.76. This trade represents a 25.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel Dines sold 122,734 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $18.37, for a total value of $2,254,623.58. Following the sale, the chief executive officer owned 490,936 shares of the company’s stock, valued at approximately $9,018,494.32. This represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,326,116 shares of company stock worth $35,900,303. 23.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research cut UiPath from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group raised their price target on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Royal Bank Of Canada upped their price target on shares of UiPath from $16.00 to $19.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

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. 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.