Vanguard Group Inc. Boosts Holdings in UiPath, Inc. $PATH

Vanguard Group Inc. raised its stake in shares of UiPath, Inc. (NYSE:PATH) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,114,941 shares of the company’s stock after acquiring an additional 1,219,057 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of UiPath worth $804,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new position in UiPath during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. purchased a new position in UiPath during the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. lifted its holdings in UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in UiPath by 92.3% during the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after purchasing an additional 1,238 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in UiPath by 93.3% during the fourth quarter. GAMMA Investing LLC now owns 5,251 shares of the company’s stock valued at $86,000 after purchasing an additional 2,534 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PATH shares. Morgan Stanley upgraded shares of UiPath from an “equal weight” rating to a “positive” rating in a research report on Friday, March 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. TD Cowen reduced their target price 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. Zacks Research cut shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Canaccord Genuity Group reduced their target price on shares of UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Three research 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, the company presently has a consensus rating of “Hold” and an average price target of $14.07.

UiPath Stock Up 3.9%

Shares of NYSE PATH opened at $10.71 on Friday. The firm has a 50-day simple moving average of $10.95 and a 200-day simple moving average of $13.57. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. UiPath, Inc. has a 52 week low of $9.28 and a 52 week high of $19.84.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The business had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. During the same period in the prior year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts expect that UiPath, Inc. will post 0.32 EPS for the current year.

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.