Geode Capital Management LLC Grows Stock Holdings in UiPath, Inc. $PATH

Geode Capital Management LLC increased its stake in shares of UiPath, Inc. (NYSE:PATH) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,499,989 shares of the company’s stock after buying an additional 1,528,454 shares during the period. Geode Capital Management LLC owned about 1.40% of UiPath worth $122,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PATH. Royal Bank of Canada boosted its holdings in UiPath by 8.4% during the first 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 boosted its holdings in UiPath by 69.6% during the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after buying an additional 9,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in UiPath by 5.4% during 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 worth $15,221,000 after buying an additional 75,737 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in UiPath during the second quarter worth about $169,000. Finally, Prudential Financial Inc. boosted its holdings in UiPath by 90.1% during the second quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock worth $436,000 after buying an additional 16,125 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

Shares of PATH opened at $11.26 on Friday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.79 and a beta of 0.96. The company’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $12.83. UiPath, Inc. has a 1 year low of $9.20 and a 1 year 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, meeting the consensus estimate of $0.15. The business had revenue of $418.38 million for the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Equities analysts expect that UiPath, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PATH shares. BMO Capital Markets cut their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, June 1st. Royal Bank Of Canada set a $14.00 price objective on UiPath in a research report on Wednesday, February 11th. DA Davidson cut their price objective on UiPath from $13.00 to $12.00 and set a “neutral” 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 research report on Saturday, May 30th. Finally, Wells Fargo & Company dropped their price target on UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, UiPath presently has an average rating of “Hold” and an average 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.