Legal & General Group Plc Purchases 68,961 Shares of UiPath, Inc. $PATH

Legal & General Group Plc increased its position in shares of UiPath, Inc. (NYSE:PATH) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 646,907 shares of the company’s stock after buying an additional 68,961 shares during the quarter. Legal & General Group Plc owned 0.12% of UiPath worth $10,603,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of UiPath during the fourth quarter worth about $25,000. HighMark Wealth Management LLC acquired a new position in UiPath during the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new position in UiPath during the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. boosted its position 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 during the last quarter. Finally, CoreCap Advisors LLC boosted its position 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 during the last quarter. 62.50% of the stock is currently owned by institutional investors.

UiPath Price Performance

UiPath stock opened at $11.67 on Thursday. The stock’s fifty day moving average price is $10.74 and its two-hundred day moving average price is $12.86. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The firm has a market cap of $6.11 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same quarter last year, the company earned $0.11 EPS. The company’s revenue was up 17.3% on a year-over-year basis. Sell-side analysts expect that UiPath, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. DA Davidson cut their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Mizuho cut their price objective on UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Bank of America raised their price objective on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of UiPath in a research note on Friday, May 29th. 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, UiPath currently has an average rating of “Hold” and an average target price of $13.87.

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.