Capital Impact Advisors LLC Invests $52.26 Million in UiPath, Inc. $PATH

Capital Impact Advisors LLC bought a new position in shares of UiPath, Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,188,606 shares of the company’s stock, valued at approximately $52,261,000. UiPath makes up about 4.1% of Capital Impact Advisors LLC’s holdings, making the stock its 5th biggest holding. Capital Impact Advisors LLC owned about 0.60% of UiPath as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Noble Wealth Management PBC purchased a new stake in shares of UiPath during the fourth quarter worth $25,000. HighMark Wealth Management LLC purchased a new stake in shares of UiPath during the fourth quarter worth $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of UiPath during the fourth quarter worth $26,000. TD Waterhouse Canada Inc. grew its holdings in shares of UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after buying an additional 1,652 shares in the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of UiPath during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Trading Down 2.5%

Shares of PATH stock opened at $10.26 on Thursday. The company’s 50-day moving average price is $10.70 and its 200-day moving average price is $12.67. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.34 and a beta of 0.96. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $418.38 million for 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 company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts predict that UiPath, Inc. will post 0.38 EPS for the current year.

Analyst Ratings Changes

PATH has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. New Street Research set a $13.00 target price on shares of UiPath in a report on Monday, June 1st. DA Davidson dropped 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 Friday, May 29th. Wall Street Zen cut shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Truist Financial lowered their price target on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, UiPath has a consensus rating of “Hold” and a consensus price target 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.