VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.63 Million Investment in UiPath, Inc. $PATH

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of UiPath, Inc. (NYSE:PATHFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 149,852 shares of the company’s stock, valued at approximately $1,629,000.

A number of other institutional investors also recently modified their holdings of the business. DNB Asset Management AS grew its position in shares of UiPath by 266.4% during the 4th quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock worth $9,273,000 after purchasing an additional 411,395 shares in the last quarter. BlackRock Inc. raised its position in shares of UiPath by 7.2% in the second quarter. BlackRock Inc. now owns 46,153,124 shares of the company’s stock valued at $501,684,000 after buying an additional 3,097,822 shares in the last quarter. Redwood Investment Management LLC acquired a new stake in shares of UiPath in the second quarter valued at approximately $1,183,000. First Trust Advisors LP boosted its stake in shares of UiPath by 48.7% in the first quarter. First Trust Advisors LP now owns 1,624,148 shares of the company’s stock valued at $18,028,000 after buying an additional 532,157 shares during the period. Finally, State of Michigan Retirement System bought a new stake in shares of UiPath in the first quarter valued at approximately $1,143,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. BMO Capital Markets raised their price objective on UiPath from $13.00 to $18.00 and gave the stock a “market perform” rating in a research note on Friday, September 4th. Mizuho upped their target price on UiPath from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Weiss Ratings raised UiPath from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday. Citigroup began coverage on UiPath in a research report on Tuesday. They issued a “buy” rating and a $23.00 price target on the stock. Finally, DA Davidson boosted their price target on UiPath from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.75.

Get Our Latest Stock Report on UiPath

UiPath Price Performance

Shares of PATH opened at $13.76 on Friday. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The company has a market cap of $7.13 billion, a P/E ratio of 20.53, a P/E/G ratio of 1.36 and a beta of 1.02. The firm has a 50 day simple moving average of $14.20 and a two-hundred day simple moving average of $12.05.

UiPath (NYSE:PATHGet Free Report) last issued its quarterly earnings results on Thursday, September 3rd. 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 9.70% and a net margin of 21.03%.The company had revenue of $410.26 million for the quarter, compared to analyst estimates of $397.77 million. During the same quarter last year, the company posted $0.15 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that UiPath, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at UiPath

In other UiPath news, CEO Daniel Dines sold 1,402,347 shares of UiPath stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the transaction, the chief executive officer owned 26,491,238 shares in the company, valued at $425,714,194.66. The trade was a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.44% of the stock is currently owned by corporate insiders.

About UiPath

(Free Report)

UiPath Inc (NYSE: PATH) develops enterprise automation software designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation (RPA), artificial intelligence, workflow orchestration and process intelligence to support automation across areas such as finance, customer service, human resources, information technology and operations.

The UiPath Platform includes tools for discovering and analyzing business processes, building and managing software robots, processing documents, testing applications and coordinating automated workflows.

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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