Circumference Group LLC decreased its position in UiPath, Inc. (NYSE:PATH – Free Report) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385,000 shares of the company’s stock after selling 80,000 shares during the quarter. UiPath comprises approximately 6.8% of Circumference Group LLC’s holdings, making the stock its 4th largest position. Circumference Group LLC owned approximately 0.07% of UiPath worth $6,310,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of UiPath in the fourth quarter valued at $25,000. HighMark Wealth Management LLC acquired a new stake in shares of UiPath in the fourth quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of UiPath in the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. lifted its holdings in shares of UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of UiPath in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on PATH. Bank of America upped their price objective on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. DA Davidson cut their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. BMO Capital Markets reduced 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. Canaccord Genuity Group reduced their target price on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Finally, New Street Research set a $13.00 target price on UiPath in a report on Monday, June 1st. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.87.
UiPath Stock Down 2.5%
Shares of NYSE PATH opened at $10.26 on Thursday. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.34 and a beta of 0.96. The business has a fifty day simple moving average of $10.70 and a 200-day simple moving average of $12.67.
UiPath (NYSE:PATH – Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $397.54 million. During the same period in the prior year, the business posted $0.11 earnings per share. UiPath’s revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that UiPath, Inc. will post 0.38 EPS for the current fiscal year.
About UiPath
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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