Senvest Management LLC Cuts Stock Position in UiPath, Inc. $PATH

Senvest Management LLC cut its holdings in UiPath, Inc. (NYSE:PATH) by 10.2% in the first quarter, Holdings Channel.com reports. The fund owned 7,784,822 shares of the company’s stock after selling 882,009 shares during the quarter. UiPath makes up about 2.9% of Senvest Management LLC’s investment portfolio, making the stock its 9th largest position. Senvest Management LLC’s holdings in UiPath were worth $86,412,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the 4th quarter worth $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of UiPath in the 4th quarter valued at $26,000. TD Waterhouse Canada Inc. lifted its stake in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in UiPath in the fourth quarter worth $37,000. Finally, CoreCap Advisors LLC boosted its holdings in UiPath by 92.3% in the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock worth $42,000 after purchasing an additional 1,238 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PATH shares. UBS Group cut their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, June 29th. Morgan Stanley decreased their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. DA Davidson cut 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.80.

UiPath Price Performance

Shares of PATH opened at $10.85 on Friday. The company has a market capitalization of $5.62 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The company’s fifty day moving average price is $11.15 and its 200 day moving average price is $11.67.

UiPath (NYSE:PATH) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. During the same period in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. Analysts anticipate that UiPath, Inc. will post 0.4 earnings per share for the current year.

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.