Empowered Funds LLC lifted its stake in UiPath, Inc. (NYSE:PATH – Free Report) by 39.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254,830 shares of the company’s stock after acquiring an additional 71,990 shares during the quarter. Empowered Funds LLC’s holdings in UiPath were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HighMark Wealth Management LLC purchased a new position in shares of UiPath during the 4th quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new position in shares of UiPath in the 4th quarter worth $26,000. TD Waterhouse Canada Inc. lifted its holdings in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of UiPath in the 4th quarter worth approximately $37,000. Finally, AdvisorNet Financial Inc increased its position in UiPath by 750.0% during the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after acquiring an additional 3,000 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on PATH shares. New Street Research set a $13.00 price objective on UiPath in a research report on Monday, June 1st. Morgan Stanley reduced their price target on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of UiPath in a report on Friday, May 29th. Bank of America raised their price objective on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. Finally, BMO Capital Markets lowered their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Two investment 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.80.
UiPath Stock Performance
Shares of PATH stock opened at $14.08 on Wednesday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The firm has a market capitalization of $7.30 billion, a PE ratio of 23.47, a P/E/G ratio of 1.56 and a beta of 0.96. The stock’s 50-day simple moving average is $11.42 and its 200-day simple moving average is $11.44.
UiPath (NYSE:PATH – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS 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 business had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that UiPath, Inc. will post 0.4 earnings per share 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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