Hsbc Holdings PLC Has $1.23 Million Position in UiPath, Inc. $PATH

Hsbc Holdings PLC reduced its stake in shares of UiPath, Inc. (NYSE:PATH) by 84.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of UiPath during the fourth quarter worth $120,176,000. State Street Corp boosted its position in UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after purchasing an additional 5,189,438 shares during the last quarter. AQR Capital Management LLC grew its stake in 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 purchasing an additional 4,926,341 shares in the last quarter. Morgan Stanley grew its stake in UiPath by 54.0% in the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after purchasing an additional 3,262,930 shares in the last quarter. Finally, Capital Impact Advisors LLC acquired a new position in UiPath in the 4th quarter worth about $52,261,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of recent research reports. UBS Group cut their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday. Bank of America increased their target price on shares of UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. DA Davidson reduced their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. BMO Capital Markets lowered their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Monday, June 1st. Finally, Truist Financial cut their price objective 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 investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.80.

UiPath Stock Up 6.1%

PATH opened at $11.54 on Thursday. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The firm has a market capitalization of $5.98 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. The stock’s 50 day moving average price is $10.74 and its two-hundred day moving average price is $12.22.

UiPath (NYSE:PATH) last announced its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. UiPath’s revenue was up 17.3% compared to the same quarter last year. As a group, analysts anticipate 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.