Vanguard Group Inc. Purchases 2,251,434 Shares of UiPath, Inc. $PATH

Vanguard Group Inc. lifted its position in shares of UiPath, Inc. (NYSE:PATH) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,895,884 shares of the company’s stock after acquiring an additional 2,251,434 shares during the quarter. Vanguard Group Inc. owned approximately 9.02% of UiPath worth $640,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Hudson Bay Capital Management LP acquired a new position in shares of UiPath in the second quarter valued at approximately $102,559,000. Norges Bank acquired a new stake in UiPath during the 2nd quarter worth approximately $68,451,000. AQR Capital Management LLC grew its holdings in UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after acquiring an additional 4,926,341 shares during the last quarter. TFG Asset Management GP Ltd increased its position in UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock valued at $175,645,000 after acquiring an additional 4,772,244 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in UiPath in the 2nd quarter valued at approximately $59,561,000. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Trading Down 6.0%

UiPath stock opened at $10.16 on Tuesday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07. The firm’s fifty day moving average price is $14.44 and its two-hundred day moving average price is $13.99. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The firm had revenue of $411.11 million during the quarter, compared to analyst estimates of $392.46 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts forecast that UiPath, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

PATH has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a report on Monday, December 29th. UBS Group restated a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Wall Street Zen lowered shares of UiPath from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Wells Fargo & Company boosted their price target on UiPath from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Finally, TD Cowen restated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. One analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, UiPath has a consensus rating of “Hold” and an average target price of $15.77.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 67,468 shares of UiPath stock in a transaction on Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the transaction, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at $8,968,150.80. The trade was a 10.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $15.01, for a total transaction of $675,450.00. Following the completion of the sale, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at approximately $418,682,710.85. This represents a 0.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 950,048 shares of company stock valued at $15,881,744 in the last quarter. 23.19% of the stock is currently owned by corporate insiders.

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.