Northwestern Mutual Investment Management Company LLC Purchases Shares of 93,950 UiPath, Inc. $PATH

Northwestern Mutual Investment Management Company LLC acquired a new position in shares of UiPath, Inc. (NYSE:PATHFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 93,950 shares of the company’s stock, valued at approximately $1,540,000.

Several other institutional investors also recently modified their holdings of the company. Blue Water Asset Management acquired a new position in shares of UiPath during the 4th quarter worth about $348,000. Phoenix Financial Ltd. acquired a new position in shares of UiPath during the 4th quarter worth about $426,000. Allworth Financial LP increased its stake in shares of UiPath by 11.3% during the 4th quarter. Allworth Financial LP now owns 24,473 shares of the company’s stock worth $401,000 after purchasing an additional 2,484 shares during the last quarter. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the 4th quarter worth about $25,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of UiPath during the 4th quarter worth about $1,377,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on PATH shares. BMO Capital Markets lowered their price objective on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating on the stock in a research note on Friday, March 13th. Canaccord Genuity Group lowered their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. TD Cowen lowered their price objective on shares of UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. William Blair restated a “hold” rating on shares of UiPath in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada set a $14.00 price objective on shares of UiPath in a research note on Wednesday, February 11th. Three 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.07.

Read Our Latest Research Report on PATH

UiPath Stock Performance

Shares of PATH stock opened at $10.29 on Monday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.68 and a beta of 0.91. The company has a 50-day simple moving average of $10.90 and a 200 day simple moving average of $13.19. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84.

UiPath (NYSE:PATHGet Free Report) last announced its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. UiPath’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. Sell-side analysts forecast that UiPath, Inc. will post 0.32 EPS for the current year.

UiPath News Summary

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About UiPath

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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