Waterfront Wealth Inc. lifted its holdings in shares of UiPath, Inc. (NYSE:PATH – Free Report) by 525.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 241,029 shares of the company’s stock after purchasing an additional 202,485 shares during the quarter. Waterfront Wealth Inc.’s holdings in UiPath were worth $2,675,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of the business. Noble Wealth Management PBC acquired a new stake in UiPath during the fourth quarter worth about $25,000. HighMark Wealth Management LLC acquired a new position in UiPath in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of UiPath during the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. grew its holdings in shares of UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of UiPath during the fourth quarter valued at approximately $37,000. Institutional investors own 62.50% of the company’s stock.
Wall Street Analyst Weigh In
PATH has been the topic of several recent research reports. Wall Street Zen downgraded UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Bank of America upped their price objective on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Friday, May 29th. Morgan Stanley dropped their target price on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company cut their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, DA Davidson reduced their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UiPath presently has a consensus rating of “Hold” and a consensus target price of $13.80.
UiPath Trading Up 3.2%
PATH opened at $11.79 on Friday. The business’s 50 day moving average is $10.87 and its 200-day moving average is $12.02. The stock has a market cap of $6.11 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.37 and a beta of 0.98. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84.
UiPath (NYSE:PATH – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business had revenue of $418.38 million during the quarter, compared to analyst estimates of $397.54 million. During the same period in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts forecast that UiPath, Inc. will post 0.4 EPS for the current year.
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. 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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