Worldquant Millennium Advisors LLC Invests $19.07 Million in UiPath Inc. (NYSE:PATH)

Worldquant Millennium Advisors LLC acquired a new position in UiPath Inc. (NYSE:PATH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,489,911 shares of the company’s stock, valued at approximately $19,071,000. Worldquant Millennium Advisors LLC owned about 0.27% of UiPath as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank raised its holdings in UiPath by 226.5% during the 1st quarter. Comerica Bank now owns 25,154 shares of the company’s stock worth $570,000 after purchasing an additional 17,451 shares during the last quarter. Cetera Investment Advisers grew its holdings in UiPath by 315.6% during the 1st quarter. Cetera Investment Advisers now owns 67,782 shares of the company’s stock worth $1,537,000 after acquiring an additional 51,472 shares during the period. Cetera Advisors LLC raised its position in shares of UiPath by 93.5% in the 1st quarter. Cetera Advisors LLC now owns 19,706 shares of the company’s stock worth $447,000 after acquiring an additional 9,522 shares in the last quarter. CWM LLC lifted its stake in shares of UiPath by 13.9% in the 2nd quarter. CWM LLC now owns 17,877 shares of the company’s stock valued at $227,000 after purchasing an additional 2,185 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of UiPath during the 2nd quarter valued at about $537,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at UiPath

In other news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.07, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.37% of the stock is currently owned by company insiders.

UiPath Trading Down 0.9 %

NYSE PATH opened at $14.81 on Friday. The company has a fifty day moving average price of $13.06 and a 200-day moving average price of $12.86. UiPath Inc. has a 1 year low of $10.37 and a 1 year high of $27.87.

UiPath (NYSE:PATH) last posted its earnings results on Thursday, September 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $316.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS. Equities research analysts forecast that UiPath Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Friday. DA Davidson increased their target price on shares of UiPath from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. BMO Capital Markets lifted their price target on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Bank of America increased their price objective on shares of UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Sixteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.71.

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.