UiPath, Inc. $PATH Shares Purchased by DNB Asset Management AS

DNB Asset Management AS lifted its holdings in UiPath, Inc. (NYSE:PATHFree Report) by 266.4% in the fourth quarter, HoldingsChannel reports. The firm owned 565,799 shares of the company’s stock after buying an additional 411,395 shares during the quarter. DNB Asset Management AS’s holdings in UiPath were worth $9,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PATH. Noble Wealth Management PBC acquired a new position in shares of UiPath in the fourth quarter valued at approximately $25,000. HighMark Wealth Management LLC acquired a new position in shares of UiPath in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath in the fourth quarter valued at approximately $26,000. TD Waterhouse Canada Inc. grew its stake in UiPath by 1,270.8% during the 4th 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. Finally, CoreCap Advisors LLC increased its holdings in UiPath by 92.3% during the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock worth $42,000 after purchasing an additional 1,238 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

PATH has been the topic of several recent research reports. William Blair restated a “hold” rating on shares of UiPath in a report on Thursday, March 12th. Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. DA Davidson cut their price target on UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Wall Street Zen downgraded UiPath from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Canaccord Genuity Group dropped their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.07.

View Our Latest Analysis on PATH

UiPath Trading Up 0.1%

Shares of NYSE:PATH opened at $10.29 on Monday. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The company’s 50 day moving average is $10.90 and its two-hundred day moving average is $13.19. The company has a market cap of $5.39 billion, a PE ratio of 19.78, a P/E/G ratio of 1.68 and a beta of 0.91.

UiPath (NYSE:PATHGet Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The business had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities research analysts expect that UiPath, Inc. will post 0.32 EPS for the current year.

Key UiPath News

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About UiPath

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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