UiPath Inc. (NYSE:PATH) Stock Holdings Boosted by Senvest Management LLC

Senvest Management LLC raised its stake in shares of UiPath Inc. (NYSE:PATH) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,894,483 shares of the company’s stock after acquiring an additional 1,559,500 shares during the period. UiPath makes up 4.9% of Senvest Management LLC’s investment portfolio, making the stock its 5th biggest holding. Senvest Management LLC’s holdings in UiPath were worth $139,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new stake in shares of UiPath during the third quarter worth approximately $26,000. JTC Employer Solutions Trustee Ltd purchased a new position in UiPath during the 3rd quarter worth $26,000. Hantz Financial Services Inc. acquired a new stake in shares of UiPath in the 2nd quarter worth $28,000. Advisors Asset Management Inc. boosted its holdings in shares of UiPath by 35.0% in the first quarter. Advisors Asset Management Inc. now owns 3,037 shares of the company’s stock valued at $69,000 after acquiring an additional 787 shares in the last quarter. Finally, Redwood Wealth Management Group LLC acquired a new position in shares of UiPath during the second quarter worth about $43,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Bank of America raised their price objective on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Barclays lifted their price target on UiPath from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. DA Davidson increased their price objective on UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Morgan Stanley restated an “equal weight” rating and set a $15.00 target price on shares of UiPath in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of UiPath from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Sixteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, UiPath has an average rating of “Hold” and an average target price of $17.47.

Insider Transactions at UiPath

In related news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.07, for a total transaction of $575,388.97. Following the transaction, the chief financial officer now directly owns 849,917 shares in the company, valued at approximately $10,258,498.19. This represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.37% of the company’s stock.

UiPath Trading Up 4.1 %

UiPath stock opened at $14.24 on Friday. The stock has a market cap of $7.83 billion, a PE ratio of -71.20 and a beta of 0.87. The stock has a 50-day moving average price of $12.71 and a 200 day moving average price of $13.16. UiPath Inc. has a 52 week low of $10.37 and a 52 week high of $27.87.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $316.00 million during 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 company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.09) earnings per share. On average, equities analysts predict that UiPath Inc. will post -0.23 EPS for the current year.

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.