UiPath, Inc. $PATH Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its position in UiPath, Inc. (NYSE:PATH) by 74.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,298 shares of the company’s stock after selling 33,547 shares during the period. Qsemble Capital Management LP’s holdings in UiPath were worth $123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC purchased a new stake in shares of UiPath during the 4th quarter valued at approximately $25,000. Trifecta Capital Advisors LLC purchased a new position in UiPath in the second quarter worth approximately $27,000. TD Waterhouse Canada Inc. grew its position in UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after acquiring an additional 1,652 shares during the period. Atlas Capital Advisors Inc. purchased a new position in UiPath in the fourth quarter worth approximately $37,000. Finally, AdvisorNet Financial Inc increased its stake in UiPath by 750.0% during the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock worth $38,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Performance

UiPath stock opened at $16.03 on Friday. The company has a market capitalization of $8.31 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The firm has a 50 day moving average price of $11.97 and a 200 day moving average price of $11.50.

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

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their target price on UiPath from $12.00 to $15.00 and gave the company a “sector perform” rating in a research report on Friday. UBS Group lowered their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, June 29th. New Street Research set a $13.00 price objective on UiPath in a research report on Monday, June 1st. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of UiPath in a report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.87.

UiPath 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.