Ontario Teachers Pension Plan Board Buys 62,650 Shares of UiPath Inc. (NYSE:PATH)

Ontario Teachers Pension Plan Board boosted its holdings in UiPath Inc. (NYSE:PATH) by 136.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,725 shares of the company’s stock after buying an additional 62,650 shares during the period. Ontario Teachers Pension Plan Board’s holdings in UiPath were worth $1,392,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of UiPath by 51.7% during the first quarter. Sei Investments Co. now owns 69,016 shares of the company’s stock valued at $1,565,000 after purchasing an additional 23,529 shares during the period. Russell Investments Group Ltd. raised its position in shares of UiPath by 96.6% during the first quarter. Russell Investments Group Ltd. now owns 75,851 shares of the company’s stock worth $1,720,000 after acquiring an additional 37,267 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of UiPath during the first quarter worth $721,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of UiPath by 4.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 231,694 shares of the company’s stock worth $5,240,000 after acquiring an additional 9,393 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in UiPath by 5.6% in the first quarter. Vanguard Group Inc. now owns 40,217,936 shares of the company’s stock valued at $911,741,000 after purchasing an additional 2,133,078 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

UiPath Stock Performance

Shares of NYSE PATH opened at $12.87 on Thursday. UiPath Inc. has a twelve month low of $10.37 and a twelve month high of $27.87. The stock’s 50 day moving average price is $12.65 and its 200-day moving average price is $13.24.

UiPath (NYSE:PATH) last announced 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 return on equity of 3.98% and a negative net margin of 8.13%. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $303.69 million. During the same quarter in the previous year, the business earned ($0.09) EPS. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, research analysts anticipate that UiPath Inc. will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at UiPath

In related news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 849,917 shares of the company’s stock, valued at $10,258,498.19. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.37% of the company’s stock.

Analyst Ratings Changes

PATH has been the subject of several recent analyst reports. TD Cowen lowered their price target on UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, September 6th. BMO Capital Markets raised their price objective on UiPath from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, September 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $15.00 price objective on shares of UiPath in a research report on Friday, September 6th. Evercore ISI increased their target price on UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company lowered their price objective on UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Sixteen analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average price target of $17.47.

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.