78,348 Shares in UiPath, Inc. $PATH Acquired by James Investment Research Inc.

James Investment Research Inc. acquired a new stake in shares of UiPath, Inc. (NYSE:PATH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 78,348 shares of the company’s stock, valued at approximately $870,000.

A number of other institutional investors have also recently added to or reduced their stakes in PATH. Vanguard Group Inc. increased its stake in shares of UiPath by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after purchasing an additional 1,219,057 shares during the last quarter. State Street Corp lifted its stake in shares of UiPath by 66.4% in the 4th quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after purchasing an additional 5,189,438 shares during the last quarter. AQR Capital Management LLC boosted its holdings in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after purchasing an additional 4,926,341 shares in the last quarter. Morgan Stanley increased its position in UiPath by 54.0% during the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after buying an additional 3,262,930 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in UiPath by 25.6% during the fourth quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock valued at $122,951,000 after buying an additional 1,528,454 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Trading Up 1.1%

PATH opened at $11.68 on Friday. The business has a 50 day moving average of $10.76 and a 200-day moving average of $12.18. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.38 and a beta of 0.98. UiPath, Inc. has a 1-year low of $9.20 and a 1-year 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 business had revenue of $418.38 million for 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%. UiPath’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities analysts predict that UiPath, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

PATH has been the subject of a number of analyst reports. New Street Research set a $13.00 price target on UiPath in a research report on Monday, June 1st. Wells Fargo & Company cut their price objective on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Bank of America boosted their target price on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. UBS Group decreased their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wall Street Zen downgraded UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.80.

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.