First Trust Advisors LP grew its holdings in shares of UiPath, Inc. (NYSE:PATH – Free Report) by 48.7% during the first quarter, HoldingsChannel reports. The firm owned 1,624,148 shares of the company’s stock after purchasing an additional 532,157 shares during the quarter. First Trust Advisors LP’s holdings in UiPath were worth $18,028,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Royal Bank of Canada increased its stake in UiPath by 8.4% in the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after purchasing an additional 10,872 shares during the last quarter. Woodline Partners LP lifted its position in UiPath by 69.6% during the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after buying an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UiPath by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after buying an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in UiPath in the 2nd quarter worth about $169,000. Finally, Prudential Financial Inc. grew its holdings in UiPath by 90.1% in the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after buying an additional 16,125 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.
UiPath Trading Up 2.9%
Shares of UiPath stock opened at $12.54 on Thursday. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84. The stock has a market capitalization of $6.50 billion, a P/E ratio of 20.91, a PEG ratio of 1.46 and a beta of 0.98. The business’s fifty day moving average price is $11.24 and its 200 day moving average price is $11.53.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on PATH shares. New Street Research set a $13.00 price objective on shares of UiPath in a research note on Monday, June 1st. BMO Capital Markets decreased their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, June 1st. DA Davidson decreased their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. UBS Group lowered their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Finally, Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.80.
Get Our Latest Research Report on UiPath
UiPath Company 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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