Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New Investment in UiPath, Inc. $PATH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in UiPath, Inc. (NYSE:PATH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 105,557 shares of the company’s stock, valued at approximately $1,730,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PATH. Royal Bank of Canada raised its position in UiPath by 8.4% in the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after acquiring an additional 10,872 shares in the last quarter. Woodline Partners LP raised its holdings in 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 buying an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in UiPath by 5.4% during the 1st 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 during the period. Sivia Capital Partners LLC acquired a new stake in UiPath during the 2nd quarter worth about $169,000. Finally, Prudential Financial Inc. raised its holdings in UiPath by 90.1% during the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock worth $436,000 after buying an additional 16,125 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on PATH shares. Bank of America boosted their price objective on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. William Blair restated a “hold” rating on shares of UiPath in a report on Thursday, March 12th. Truist Financial cut their price objective on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Royal Bank Of Canada set a $14.00 price objective on UiPath in a report on Wednesday, February 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of UiPath in a report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.87.

UiPath Price 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 P/E/G ratio of 1.72 and a beta of 0.96. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The business’s 50-day moving average is $10.76 and its 200-day moving average is $12.83.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $418.38 million for the quarter, compared to the consensus estimate of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Equities research analysts expect that UiPath, Inc. will post 0.32 earnings per share for the current fiscal year.

UiPath 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.