Capricorn Fund Managers Ltd Takes Position in UiPath, Inc. $PATH

Capricorn Fund Managers Ltd bought a new position in shares of UiPath, Inc. (NYSE:PATH) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 131,000 shares of the company’s stock, valued at approximately $1,454,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PATH. DNB Asset Management AS grew its position in shares of UiPath by 266.4% in the 4th quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock valued at $9,273,000 after acquiring an additional 411,395 shares during the period. Burney Co. bought a new stake in shares of UiPath in the 4th quarter valued at about $2,285,000. Heron Bay Capital Management bought a new stake in shares of UiPath in the 3rd quarter valued at about $1,296,000. Vanguard Group Inc. lifted its stake in UiPath by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock valued at $804,994,000 after purchasing an additional 1,219,057 shares during the last quarter. Finally, Pier Capital LLC lifted its stake in UiPath by 95.4% in the 4th quarter. Pier Capital LLC now owns 251,245 shares of the company’s stock valued at $4,118,000 after purchasing an additional 122,671 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

UiPath Stock Up 1.9%

Shares of PATH stock opened at $10.89 on Wednesday. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The company has a market capitalization of $5.64 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. The firm has a 50 day moving average price of $10.72 and a two-hundred day moving average price of $12.26.

UiPath (NYSE:PATH) last posted its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The company 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 firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, research analysts expect that UiPath, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PATH shares. Bank of America boosted their price target on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. BMO Capital Markets cut their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Monday, June 1st. DA Davidson reduced their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Mizuho decreased their target price on UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Finally, Truist Financial dropped their price target on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Two equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.80.

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.