IFS Group LLC Takes Position in UiPath, Inc. $PATH

IFS Group LLC purchased a new stake in UiPath, Inc. (NYSE:PATH) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,319 shares of the company’s stock, valued at approximately $448,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of UiPath by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock valued at $804,994,000 after purchasing an additional 1,219,057 shares in the last quarter. State Street Corp grew its holdings in shares of UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after buying an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of UiPath by 76.0% during the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. Morgan Stanley grew its holdings in shares of UiPath by 54.0% during the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after buying an additional 3,262,930 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in UiPath by 25.6% in the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock worth $122,951,000 after acquiring an additional 1,528,454 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PATH. Morgan Stanley decreased their price objective on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Wall Street Zen downgraded UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. BMO Capital Markets decreased their price target on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of UiPath in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, UiPath has a consensus rating of “Hold” and a consensus target price of $13.80.

UiPath Trading Up 2.9%

Shares of NYSE:PATH opened at $12.54 on Thursday. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84. The business has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $11.53. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.46 and a beta of 0.98.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting 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 the consensus estimate of $397.54 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts forecast that UiPath, Inc. will post 0.4 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.