Azzad Asset Management Inc. ADV Makes New Investment in UiPath, Inc. $PATH

Azzad Asset Management Inc. ADV purchased 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. The fund purchased 50,227 shares of the company’s stock, valued at approximately $823,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in UiPath during the 4th quarter worth about $26,000. Leo Wealth LLC acquired a new stake in UiPath during the 4th quarter worth about $1,023,000. Stratos Wealth Partners LTD. acquired a new stake in UiPath during the 4th quarter worth about $270,000. Udine Wealth Management Inc. acquired a new stake in UiPath during the 4th quarter worth about $1,581,000. Finally, Matauro LLC acquired a new stake in UiPath during the 4th quarter worth about $1,966,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Down 5.2%

Shares of UiPath stock opened at $10.39 on Thursday. UiPath, Inc. has a twelve month low of $9.47 and a twelve month high of $19.84. The business has a 50-day moving average price of $11.49 and a 200 day moving average price of $13.99. The firm has a market cap of $5.44 billion, a PE ratio of 19.97, a P/E/G ratio of 1.84 and a beta of 1.03.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm had revenue of $481.11 million during the quarter, compared to analyst estimates of $464.81 million. During the same quarter in the previous year, the business earned $0.26 EPS. UiPath’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Buying and Selling at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the transaction, the chief executive officer owned 27,893,585 shares in the company, valued at $418,682,710.85. The trade was a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 225,000 shares of company stock valued at $3,577,050. 23.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson lowered their price target on UiPath from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. BMO Capital Markets lowered their price target on UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Truist Financial decreased their price objective on UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Finally, Needham & Company LLC raised UiPath from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UiPath has an average rating of “Hold” and an average target price of $14.07.

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.