UiPath Inc. (NYSE:PATH) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc reduced its position in UiPath Inc. (NYSE:PATH) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,611 shares of the company’s stock after selling 4,382 shares during the quarter. Prospera Financial Services Inc’s holdings in UiPath were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in UiPath during the second quarter worth about $69,180,000. Renaissance Technologies LLC acquired a new stake in UiPath during the 2nd quarter worth approximately $13,280,000. AQR Capital Management LLC lifted its position in UiPath by 120.6% during the second quarter. AQR Capital Management LLC now owns 1,633,393 shares of the company’s stock valued at $20,385,000 after buying an additional 892,845 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 754,519 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of UiPath by 2,495.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 682,078 shares of the company’s stock worth $8,649,000 after acquiring an additional 655,798 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of UiPath from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Friday, September 6th. Evercore ISI upped their target price on UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Morgan Stanley reiterated an “equal weight” rating and set a $15.00 target price on shares of UiPath in a report on Friday, September 6th. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Wednesday, October 23rd. Finally, Barclays lifted their price objective on shares of UiPath from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Sixteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.47.

UiPath Stock Performance

Shares of UiPath stock opened at $14.24 on Monday. The firm’s 50-day simple moving average is $12.71 and its 200-day simple moving average is $13.11. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87. The firm has a market cap of $7.83 billion, a PE ratio of -71.20 and a beta of 0.87.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The company had revenue of $316.00 million for the quarter, compared to analysts’ expectations of $303.69 million. During the same period in the prior year, the company earned ($0.09) earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that UiPath Inc. will post -0.23 earnings per share for the current year.

Insider Activity at UiPath

In related news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.07, for a total value of $575,388.97. Following the completion of the transaction, the chief financial officer now directly owns 849,917 shares of the company’s stock, valued at $10,258,498.19. This represents a 5.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 22.37% of the company’s stock.

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.