Dimensional Fund Advisors LP Boosts Holdings in UiPath, Inc. $PATH

Dimensional Fund Advisors LP boosted its position in shares of UiPath, Inc. (NYSE:PATH) by 26.7% in the first quarter, HoldingsChannel reports. The fund owned 6,831,288 shares of the company’s stock after purchasing an additional 1,437,843 shares during the quarter. Dimensional Fund Advisors LP’s holdings in UiPath were worth $75,818,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HighMark Wealth Management LLC acquired a new stake in shares of UiPath in the 4th quarter worth $25,000. Raleigh Capital Management Inc. purchased a new position in UiPath during the 4th quarter worth $26,000. TD Waterhouse Canada Inc. increased its position in UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in UiPath during the 4th quarter valued at about $37,000. Finally, CoreCap Advisors LLC raised its stake in UiPath by 92.3% in the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after buying an additional 1,238 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Stock Performance

UiPath stock opened at $12.80 on Friday. The business’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $11.51. The company has a market cap of $6.63 billion, a PE ratio of 21.34, a PEG ratio of 1.48 and a beta of 0.98. 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, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $397.54 million. During the same period last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, analysts predict that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PATH has been the topic of several recent analyst reports. BMO Capital Markets cut their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, June 1st. UBS Group dropped their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Morgan Stanley dropped their target price on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.80.

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.