UiPath, Inc. $PATH Stake Cut by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of UiPath, Inc. (NYSE:PATH) by 84.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,256 shares of the company’s stock after selling 391,896 shares during the period. Hsbc Holdings PLC’s holdings in UiPath were worth $1,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. DNB Asset Management AS grew its holdings in shares of UiPath by 266.4% during the fourth quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock valued at $9,273,000 after purchasing an additional 411,395 shares during the last quarter. Burney Co. acquired a new stake in shares of UiPath during the 4th quarter worth approximately $2,285,000. Heron Bay Capital Management bought a new stake in shares of UiPath in the 3rd quarter worth approximately $1,296,000. Vanguard Group Inc. lifted 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 purchasing an additional 1,219,057 shares during the last quarter. Finally, Pier Capital LLC boosted its position in UiPath by 95.4% during 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 period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, March 12th. Mizuho reduced their price target on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. DA Davidson lowered their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Truist Financial dropped their price objective on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Finally, BMO Capital Markets dropped their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, June 1st. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.80.

UiPath Stock Performance

Shares of NYSE:PATH opened at $11.54 on Thursday. The firm has a 50 day simple moving average of $10.74 and a 200 day simple moving average of $12.22. The company has a market cap of $5.98 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. UiPath, Inc. has a 52 week low of $9.20 and a 52 week 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, 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 the consensus estimate of $397.54 million. During the same period in the prior year, the business earned $0.11 EPS. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts predict 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.