Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in UiPath, Inc. $PATH

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in UiPath, Inc. (NYSE:PATH) by 98.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 265,611 shares of the company’s stock after purchasing an additional 131,792 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in UiPath were worth $2,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PATH. Royal Bank of Canada raised its stake in shares of UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after buying an additional 10,872 shares in the last quarter. Woodline Partners LP raised its position in shares of UiPath by 69.6% during the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of UiPath by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after acquiring an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in UiPath in the 2nd quarter valued at about $169,000. Finally, Prudential Financial Inc. lifted its stake in shares of UiPath by 90.1% during the second quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after buying an additional 16,125 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Daniel Dines sold 1,402,347 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $16.07, for a total value of $22,535,716.29. Following the sale, the chief executive officer directly owned 26,491,238 shares in the company, valued at $425,714,194.66. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.44% of the stock is currently owned by corporate insiders.

UiPath Trading Up 2.6%

NYSE:PATH opened at $16.34 on Friday. The firm has a market capitalization of $8.47 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The stock has a 50 day moving average of $12.49 and a 200-day moving average of $11.57. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. New Street Research set a $13.00 target price on UiPath in a research report on Monday, June 1st. Morgan Stanley decreased their price target on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. UBS Group decreased their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, June 29th. DA Davidson decreased their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average 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.