Russell Investments Group Ltd. Has $1.03 Million Stake in UiPath, Inc. $PATH

Russell Investments Group Ltd. lessened its holdings in shares of UiPath, Inc. (NYSE:PATH) by 50.4% during the second quarter, HoldingsChannel.com reports. The firm owned 94,989 shares of the company’s stock after selling 96,476 shares during the quarter. Russell Investments Group Ltd.’s holdings in UiPath were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cowa LLC increased its holdings in shares of UiPath by 131.9% during the second quarter. Cowa LLC now owns 52,553 shares of the company’s stock worth $571,000 after purchasing an additional 29,893 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of UiPath in the second quarter valued at approximately $278,000. Moran Wealth Management LLC boosted its stake in shares of UiPath by 69.1% in the second quarter. Moran Wealth Management LLC now owns 24,300 shares of the company’s stock valued at $264,000 after buying an additional 9,934 shares during the period. Janney Montgomery Scott LLC grew its position in UiPath by 1,162.7% during the second quarter. Janney Montgomery Scott LLC now owns 129,184 shares of the company’s stock worth $1,404,000 after buying an additional 118,953 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in UiPath during the second quarter worth approximately $412,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

PATH has been the subject of several analyst reports. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. DA Davidson reduced their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. UBS Group decreased their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. Finally, Morgan Stanley reduced their price objective on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Stock Performance

Shares of PATH opened at $16.03 on Friday. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84. The business’s fifty day moving average is $11.97 and its 200-day moving average is $11.50. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.92 and a beta of 0.96.

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