We recently published a list of Top 10 Stocks Everyone is Talking About. In this article, we are going to take a look at where UiPath (NYSE:PATH) stands against other top stocks everyone is talking about.
Investors are on tenterhooks amid the latest selloff as they keep up with President Donald Trump’s volatile tariff policies and assess the slowing enthusiasm in the AI trade. Trivariate’s Adam Parker said in a latest program on CNBC that while he wants to be bullish on the stocks for a rebound, he believes we haven’t seen the bottom yet. The analyst recommends going on the defense:
“I mean every part of me wants to get bullish again, right? You know, we had the good call of saying the market will be down in the first half and choppy with concerns about tariffs and all that. And you know, now we’ve seen a lot of people who were bullish before throwing in the towel and getting bearish, and I really want to do it, right? But I can’t. And the reason is because I don’t think we’ve seen enough of a blowoff on the positioning. I mean, if you look at the companies that were talking at big conferences in March, a lot of things are slowing. And so I think this is more than a growth scare already—this is actually like a growth slowdown. And so the question is, will we get negative guidance in April? Will we see companies guide down and the stocks not go down? If I see that behavior, then I’ll probably want to get more risk on. But until then, I think we have to play a little bit more defense.”
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For this article, we picked 10 stocks Wall Street analysts are showing interest in. With each stock, we have mentioned their hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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UiPath Inc (NYSE:PATH)
Number of Hedge Funds Investors: 34
Cathie Wood’s Ark Invest recently sold over 550,000 shares of UiPath (NYSE:PATH). The stock is down 16% so far this year.
Ark Invest sold a total of 558,280 shares across three of its actively managed exchange traded funds. The flagship ARK Innovation ETF (NYSEARCA:ARKK) accounted for the largest portion, selling 400,811 shares. The ARK Next Generation Internet ETF (NYSEARCA:ARKW) sold 115,790 shares, while the ARK Autonomous Technology & Robotics ETF (BATS:ARKQ) unloaded 41,679 shares of the New York-based company.
Overall, PATH ranks 9th on our list of top stocks everyone is talking about. While we acknowledge the potential of PATH, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PATH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
