125,474 Shares in UiPath, Inc. $PATH Purchased by Ashford Capital Management Inc.

Ashford Capital Management Inc. acquired a new position in UiPath, Inc. (NYSE:PATH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,474 shares of the company’s stock, valued at approximately $2,057,000.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on PATH. Morgan Stanley cut their price target on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a report on Friday, March 27th. BMO Capital Markets cut their price target on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of UiPath in a report on Friday, May 29th. Finally, DA Davidson cut their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, UiPath currently has an average rating of “Hold” and a consensus target price of $13.87.

UiPath Trading Down 2.4%

NYSE PATH opened at $10.53 on Wednesday. The stock’s 50-day moving average price is $10.72 and its two-hundred day moving average price is $12.69. The company has a market cap of $5.46 billion, a PE ratio of 17.56, a PEG ratio of 1.37 and a beta of 0.96. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The firm 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 business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Research analysts forecast that UiPath, Inc. will post 0.38 EPS 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.