Diversified Trust Co Has $166,000 Stock Holdings in UiPath, Inc. $PATH

Diversified Trust Co decreased its position in shares of UiPath, Inc. (NYSE:PATH) by 78.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,929 shares of the company’s stock after selling 52,985 shares during the period. Diversified Trust Co’s holdings in UiPath were worth $166,000 at the end of the most recent quarter.

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

UiPath Trading Up 6.1%

NYSE PATH opened at $10.54 on Friday. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.26 and a beta of 0.96. The firm’s 50 day simple moving average is $10.71 and its 200 day simple moving average is $12.42. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, equities research analysts forecast that UiPath, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Canaccord Genuity Group cut their price target on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. DA Davidson lowered their price objective on 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 report on Friday, March 27th. Morgan Stanley cut their target price on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Finally, Truist Financial reduced their target price on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.87.

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.