Thrivent Financial for Lutherans Buys 1,995 Shares of UiPath Inc. (NYSE:PATH)

Thrivent Financial for Lutherans lifted its stake in shares of UiPath Inc. (NYSE:PATH) by 10.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,881 shares of the company’s stock after acquiring an additional 1,995 shares during the period. Thrivent Financial for Lutherans’ holdings in UiPath were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PATH. Future Financial Wealth Managment LLC bought a new stake in UiPath during the 3rd quarter worth approximately $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of UiPath in the third quarter worth $26,000. Hantz Financial Services Inc. bought a new position in UiPath during the 2nd quarter worth $28,000. Redwood Wealth Management Group LLC acquired a new position in UiPath during the 2nd quarter worth about $43,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of UiPath by 124.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock valued at $52,000 after buying an additional 2,274 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Stock Down 0.9 %

Shares of PATH opened at $14.81 on Friday. The business’s fifty day moving average is $13.06 and its 200 day moving average is $12.86. UiPath Inc. has a 12-month low of $10.37 and a 12-month high of $27.87. The stock has a market cap of $8.14 billion, a P/E ratio of -92.56 and a beta of 0.94.

UiPath (NYSE:PATH) last released 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 firm 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% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share. On average, analysts expect that UiPath Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PATH. JPMorgan Chase & Co. raised their price objective on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday. Bank of America boosted their price target 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. Evercore ISI increased their price objective on shares of UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. TD Cowen cut their price target on shares of UiPath from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of UiPath in a research report on Friday. Sixteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, UiPath currently has an average rating of “Hold” and an average price target of $17.71.

Insider Buying and Selling

In related news, CFO Ashim Gupta sold 47,671 shares of UiPath stock in a transaction that occurred on 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 owns 849,917 shares of the company’s stock, valued at $10,258,498.19. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.37% of the stock is currently owned by company insiders.

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.