R Squared Ltd Invests $412,000 in UiPath, Inc. $PATH

R Squared Ltd purchased a new position in shares of UiPath, Inc. (NYSE:PATH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 37,881 shares of the company’s stock, valued at approximately $412,000.

A number of other institutional investors have also modified their holdings of PATH. 111 Capital lifted its stake in shares of UiPath by 250.5% during the second quarter. 111 Capital now owns 50,619 shares of the company’s stock valued at $550,000 after buying an additional 36,177 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in UiPath by 39,226.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 91,630 shares of the company’s stock worth $996,000 after acquiring an additional 91,397 shares during the period. Principal Financial Group Inc. raised its holdings in UiPath by 1.5% in the 2nd quarter. Principal Financial Group Inc. now owns 969,652 shares of the company’s stock valued at $10,540,000 after acquiring an additional 14,495 shares during the last quarter. Trifecta Capital Advisors LLC acquired a new position in UiPath in the 2nd quarter valued at $27,000. Finally, Keynote Financial Services LLC raised its holdings in UiPath by 8.3% in the 2nd quarter. Keynote Financial Services LLC now owns 20,641 shares of the company’s stock valued at $224,000 after acquiring an additional 1,580 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Down 3.9%

NYSE:PATH opened at $16.03 on Friday. The company has a market cap of $8.31 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.92 and a beta of 0.96. The firm’s 50 day moving average is $11.97 and its two-hundred day moving average is $11.50. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. Research analysts forecast that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PATH has been the topic of several analyst reports. Bank of America raised their price objective on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. New Street Research set a $13.00 target price on UiPath in a research note on Monday, June 1st. BMO Capital Markets reduced their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, June 1st. Royal Bank Of Canada raised their price target on UiPath from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Two equities research 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. According to data from MarketBeat, UiPath currently has an average rating of “Hold” and a consensus target price of $13.87.

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.