Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $1.73 Million Position in UiPath, Inc. $PATH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in UiPath, Inc. (NYSE:PATH) during the fourth quarter, Holdings Channel reports. The institutional investor bought 105,557 shares of the company’s stock, valued at approximately $1,730,000.

A number of other large investors also recently made changes to their positions in PATH. Noble Wealth Management PBC bought a new stake in shares of UiPath in the 4th quarter valued at approximately $25,000. HighMark Wealth Management LLC bought a new stake in shares of UiPath in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new stake in shares of UiPath in the 4th quarter valued at approximately $26,000. TD Waterhouse Canada Inc. grew 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 buying an additional 1,652 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of UiPath by 92.3% in the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after buying an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PATH shares. BMO Capital Markets lowered their price target on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. New Street Research set a $13.00 price target on UiPath in a research note on Monday, June 1st. Truist Financial lowered their price target on UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Bank of America boosted their price target on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. Finally, TD Cowen lowered their price target on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Two 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 MarketBeat, UiPath currently has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Stock Down 3.6%

Shares of UiPath stock opened at $11.26 on Friday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 18.76, a PEG ratio of 1.72 and a beta of 0.96. The stock has a 50 day moving average price of $10.76 and a two-hundred day moving average price of $12.83. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84.

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. The firm had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. Sell-side analysts anticipate that UiPath, Inc. will post 0.32 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.