UiPath Inc. (NYSE:PATH) Holdings Boosted by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of UiPath Inc. (NYSE:PATH) by 667.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,718 shares of the company’s stock after purchasing an additional 88,468 shares during the quarter. Quantbot Technologies LP’s holdings in UiPath were worth $1,302,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. acquired a new position in UiPath during the second quarter valued at $69,180,000. Senvest Management LLC grew its stake in UiPath by 16.7% during the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after acquiring an additional 1,559,500 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of UiPath in the 2nd quarter valued at about $13,280,000. AQR Capital Management LLC lifted its position in shares of UiPath by 120.6% in the second quarter. AQR Capital Management LLC now owns 1,633,393 shares of the company’s stock worth $20,385,000 after purchasing an additional 892,845 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of UiPath by 37.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company’s stock worth $35,296,000 after purchasing an additional 754,519 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

NYSE PATH opened at $14.21 on Friday. The stock has a 50-day simple moving average of $12.90 and a 200 day simple moving average of $13.02. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The stock has a market capitalization of $7.81 billion, a PE ratio of -71.05 and a beta of 0.87.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $316.00 million for the quarter, compared to analyst estimates of $303.69 million. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted ($0.09) EPS. As a group, equities research analysts forecast that UiPath Inc. will post -0.23 EPS for the current fiscal year.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.07, for a total value of $575,388.97. Following the sale, the chief financial officer now owns 849,917 shares of the company’s stock, valued at $10,258,498.19. The trade was a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 22.37% of the company’s stock.

Wall Street Analyst Weigh In

PATH has been the topic of several research reports. DA Davidson upped their price objective on shares of UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Bank of America increased their price objective on UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Morgan Stanley restated an “equal weight” rating and issued a $15.00 target price 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 note on Friday, September 6th. Finally, TD Cowen lowered their price target on UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Sixteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.47.

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.