NFJ Investment Group LLC bought a new stake in UiPath, Inc. (NYSE:PATH – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 508,943 shares of the company’s stock, valued at approximately $8,342,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in UiPath by 4.9% in the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock valued at $640,847,000 after acquiring an additional 2,251,434 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of UiPath by 266.4% during the fourth quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock valued at $9,273,000 after purchasing an additional 411,395 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of UiPath by 413.7% during the third quarter. Hillsdale Investment Management Inc. now owns 307,700 shares of the company’s stock valued at $4,117,000 after purchasing an additional 247,800 shares in the last quarter. Burney Co. acquired a new stake in shares of UiPath during the fourth quarter valued at about $2,285,000. Finally, Quantbot Technologies LP acquired a new stake in shares of UiPath during the third quarter valued at about $6,905,000. Institutional investors own 62.50% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on PATH. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. Bank of America lifted their price target on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. BMO Capital Markets cut their price target on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. TD Cowen reduced their target price on UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Finally, New Street Research set a $13.00 target price on UiPath in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, UiPath presently has a consensus rating of “Hold” and an average price target of $13.87.
UiPath Stock Performance
Shares of PATH opened at $10.54 on Friday. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84. The business’s 50 day moving average price is $10.74 and its two-hundred day moving average price is $12.74. The firm has a market cap of $5.46 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96.
UiPath (NYSE:PATH – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. Research analysts predict that UiPath, Inc. will post 0.38 EPS for the current fiscal 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. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric.
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