Pacer Advisors Inc. Invests $586,000 in UiPath, Inc. $PATH

Pacer Advisors Inc. acquired a new position in UiPath, Inc. (NYSE:PATH) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 52,813 shares of the company’s stock, valued at approximately $586,000.

Several other large investors have also recently added to or reduced their stakes in PATH. HighMark Wealth Management LLC bought a new stake in UiPath during the 4th quarter valued at $25,000. TD Waterhouse Canada Inc. grew its stake in shares of 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 purchasing an additional 1,652 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of UiPath during the fourth quarter valued at $37,000. REAP Financial Group LLC acquired a new position in shares of UiPath during the fourth quarter valued at $44,000. Finally, AdvisorNet Financial Inc raised its stake in shares of UiPath by 750.0% during the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after purchasing an additional 3,000 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PATH has been the subject of several research analyst reports. New Street Research set a $13.00 price objective on shares of UiPath in a report on Monday, June 1st. Wall Street Zen cut shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Bank of America boosted their price target 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. BMO Capital Markets decreased their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of UiPath in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.80.

UiPath Trading Up 3.9%

PATH stock opened at $15.63 on Tuesday. The firm has a market capitalization of $8.10 billion, a PE ratio of 26.05, a P/E/G ratio of 1.80 and a beta of 0.96. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The firm has a 50-day moving average of $11.63 and a two-hundred day moving average of $11.44.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $418.38 million during the quarter, compared to analyst estimates of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, equities research 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.