124,200 Shares in UiPath, Inc. $PATH Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of UiPath, Inc. (NYSE:PATH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 124,200 shares of the company’s stock, valued at approximately $1,379,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of UiPath by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after purchasing an additional 1,219,057 shares in the last quarter. State Street Corp grew its stake in shares of UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after buying an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. Morgan Stanley increased its holdings in 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 buying an additional 3,262,930 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in 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 buying an additional 1,528,454 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PATH shares. Truist Financial dropped their price target on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of UiPath in a report on Friday, May 29th. Bank of America lifted their price target on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. William Blair reissued a “hold” rating on shares of UiPath in a research report on Thursday, March 12th. Finally, Canaccord Genuity Group cut their price objective on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.80.

UiPath Stock Performance

Shares of PATH opened at $11.68 on Friday. The firm has a market cap of $6.05 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The firm’s 50-day simple moving average is $10.76 and its 200 day simple moving average is $12.18.

UiPath (NYSE:PATH) last issued 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. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The firm had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. During the same period last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts forecast that UiPath, Inc. will post 0.4 earnings per share for the current year.

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.