UiPath, Inc. $PATH Shares Bought by Armistice Capital LLC

Armistice Capital LLC grew its holdings in shares of UiPath, Inc. (NYSE:PATH) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,524,617 shares of the company’s stock after purchasing an additional 180,333 shares during the period. Armistice Capital LLC owned 0.29% of UiPath worth $24,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of UiPath by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after acquiring an additional 1,219,057 shares during the period. State Street Corp increased its holdings in shares of UiPath by 66.4% in the 4th quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after acquiring an additional 5,189,438 shares during the period. AQR Capital Management LLC increased its holdings in shares of UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares during the period. Morgan Stanley increased its holdings in shares of UiPath by 54.0% in the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after acquiring an additional 3,262,930 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of UiPath by 25.6% in the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock worth $122,951,000 after acquiring an additional 1,528,454 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Trading Down 2.5%

Shares of NYSE:PATH opened at $10.26 on Thursday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 17.10, a P/E/G ratio of 1.34 and a beta of 0.96. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84. The business has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $12.67.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The firm had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. During the same period in the previous year, the business posted $0.11 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts predict that UiPath, Inc. will post 0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. UBS Group decreased their price target on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Bank of America raised their price objective on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research note on Friday, May 29th. Finally, BMO Capital Markets decreased their price target on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock 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.