UiPath, Inc. $PATH Shares Acquired by Graphene Investments SAS

Graphene Investments SAS increased its holdings in UiPath, Inc. (NYSE:PATH) by 27.8% in the first quarter, Holdings Channel.com reports. The firm owned 226,400 shares of the company’s stock after purchasing an additional 49,200 shares during the period. Graphene Investments SAS’s holdings in UiPath were worth $2,513,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new stake in UiPath in the 4th quarter worth about $25,000. HighMark Wealth Management LLC purchased a new stake in UiPath in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath during the 4th quarter valued at about $26,000. TD Waterhouse Canada Inc. increased its stake in shares of UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of UiPath during the 4th quarter worth about $37,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Price Performance

NYSE PATH opened at $12.05 on Friday. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84. The firm has a market capitalization of $6.25 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.43 and a beta of 0.98. The business’s 50-day simple moving average is $11.01 and its 200-day simple moving average is $11.85.

UiPath (NYSE:PATH) last posted its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The firm had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. During the same quarter in the prior year, the company earned $0.11 EPS. The company’s revenue was up 17.3% on a year-over-year basis. On average, equities research analysts expect that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PATH shares. UBS Group lowered their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of UiPath in a research note on Friday, May 29th. New Street Research set a $13.00 price target on shares of UiPath in a report on Monday, June 1st. Wall Street Zen cut shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, BMO Capital Markets lowered their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average price target of $13.80.

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.