UiPath, Inc. (NYSE:PATH – Get Free Report) shot up 7.4% on Friday . The stock traded as high as $10.29 and last traded at $10.3850. 24,878,586 shares were traded during trading, a decline of 19% from the average session volume of 30,700,889 shares. The stock had previously closed at $9.67.
Wall Street Analyst Weigh In
PATH has been the subject of several recent analyst reports. TD Cowen reduced their price objective on shares of UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. UBS Group reduced their price objective on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. BMO Capital Markets reduced their price objective on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada set a $14.00 price objective on shares of UiPath in a research report on Wednesday, February 11th. Finally, Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.07.
Read Our Latest Stock Report on PATH
UiPath Stock Performance
UiPath (NYSE:PATH – Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The firm had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the prior year, the firm earned $0.26 EPS. UiPath’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that UiPath, Inc. will post 0.32 earnings per share for the current fiscal year.
Institutional Trading of UiPath
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in UiPath by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock valued at $640,847,000 after purchasing an additional 2,251,434 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in UiPath in the 3rd quarter valued at $1,579,000. Hillsdale Investment Management Inc. grew its position in UiPath by 413.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 307,700 shares of the company’s stock valued at $4,117,000 after buying an additional 247,800 shares during the last quarter. DNB Asset Management AS purchased a new position in UiPath during the 3rd quarter worth $2,066,000. Finally, Campbell & CO Investment Adviser LLC raised its position in UiPath by 115.3% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 141,752 shares of the company’s stock worth $1,897,000 after buying an additional 75,927 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
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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