Alkeon Capital Management LLC Has $42.80 Million Position in UiPath, Inc. $PATH

Alkeon Capital Management LLC lowered its position in shares of UiPath, Inc. (NYSE:PATH) by 35.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,611,276 shares of the company’s stock after selling 1,450,000 shares during the quarter. Alkeon Capital Management LLC owned 0.49% of UiPath worth $42,799,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in UiPath during the fourth quarter valued at approximately $25,000. HighMark Wealth Management LLC bought a new position in UiPath in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new position in UiPath in the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. lifted its stake in UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in UiPath in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of research reports. Wells Fargo & Company cut their price target on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Bank of America lifted their price target on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. DA Davidson cut their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. Finally, UBS Group cut their price target on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Two investment 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. According to MarketBeat.com, UiPath presently has an average rating of “Hold” and an average price target of $13.87.

UiPath Trading Up 2.3%

Shares of PATH opened at $10.79 on Tuesday. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The firm has a fifty day simple moving average of $10.73 and a 200 day simple moving average of $12.72. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.34 and a beta of 0.96.

UiPath (NYSE:PATH) last announced its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. As a group, research analysts predict that UiPath, Inc. will post 0.38 earnings per share for the current fiscal year.

About UiPath

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.