SG Americas Securities LLC lessened its position in shares of UiPath, Inc. (NYSE:PATH – Free Report) by 83.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 98,405 shares of the company’s stock after selling 486,552 shares during the period. SG Americas Securities LLC’s holdings in UiPath were worth $1,092,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in PATH. Noble Wealth Management PBC purchased a new stake in UiPath in the 4th quarter valued at approximately $25,000. HighMark Wealth Management LLC purchased a new position in UiPath during the fourth quarter worth $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath in the fourth quarter worth $26,000. TD Waterhouse Canada Inc. raised its holdings in shares of UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of UiPath in the fourth quarter valued at $37,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. UBS Group dropped their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. Bank of America upped their target price on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. TD Cowen lowered their price target on shares of UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Truist Financial cut their price objective on shares of UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Finally, DA Davidson reduced their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.80.
UiPath Stock Down 0.3%
Shares of NYSE:PATH opened at $11.68 on Friday. The company has a market cap of $6.05 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.40 and a beta of 0.98. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The business has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $12.17.
UiPath (NYSE:PATH – Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting 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 the consensus estimate of $397.54 million. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts expect that UiPath, Inc. will post 0.4 earnings per share 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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