76,148 Shares in UiPath, Inc. $PATH Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new position in UiPath, Inc. (NYSE:PATH) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,148 shares of the company’s stock, valued at approximately $1,248,000.

Several other institutional investors also recently modified their holdings of the stock. WINTON GROUP Ltd bought a new position in shares of UiPath in the fourth quarter worth approximately $197,000. J.W. Cole Advisors Inc. bought a new position in shares of UiPath in the fourth quarter worth approximately $594,000. Vise Technologies Inc. bought a new position in shares of UiPath in the fourth quarter worth approximately $218,000. REAP Financial Group LLC bought a new position in shares of UiPath in the fourth quarter worth approximately $44,000. Finally, CIBC Asset Management Inc increased its position in shares of UiPath by 18.7% in the fourth quarter. CIBC Asset Management Inc now owns 17,924 shares of the company’s stock worth $294,000 after purchasing an additional 2,826 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. DA Davidson reduced their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Wall Street Zen cut shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Canaccord Genuity Group reduced their price target on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UiPath currently has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Price Performance

Shares of NYSE PATH opened at $11.26 on Monday. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The firm’s 50 day simple moving average is $10.76 and its two-hundred day simple moving average is $12.82. The stock has a market capitalization of $5.90 billion, a P/E ratio of 18.76, a PEG ratio of 1.66 and a beta of 0.96.

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

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.