70,717 Shares in UiPath, Inc. $PATH Purchased by Sigma Planning Corp

Sigma Planning Corp acquired a new stake in shares of UiPath, Inc. (NYSE:PATH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,717 shares of the company’s stock, valued at approximately $1,159,000.

Other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System increased its holdings in shares of UiPath by 149.2% in the 4th quarter. New York State Teachers Retirement System now owns 99,713 shares of the company’s stock valued at $1,634,000 after acquiring an additional 59,695 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in UiPath by 25.5% during the fourth quarter. Wealthfront Advisers LLC now owns 41,269 shares of the company’s stock worth $676,000 after purchasing an additional 8,383 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in UiPath in the fourth quarter worth $319,000. M&T Bank Corp boosted its holdings in UiPath by 39.6% in the fourth quarter. M&T Bank Corp now owns 21,258 shares of the company’s stock worth $348,000 after purchasing an additional 6,031 shares during the period. Finally, Comerica Bank increased its stake in UiPath by 4,378.8% during the fourth quarter. Comerica Bank now owns 102,295 shares of the company’s stock valued at $1,677,000 after purchasing an additional 100,011 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Performance

Shares of PATH opened at $10.71 on Monday. The firm has a fifty day moving average of $10.95 and a 200-day moving average of $13.55. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. UiPath, Inc. has a 1 year low of $9.28 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. The firm had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. UiPath’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS. Analysts predict that UiPath, Inc. will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Mizuho dropped their price objective on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Zacks Research cut shares of UiPath from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Bank of America lowered their target price on UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, UiPath has an average rating of “Hold” and an average price target of $14.07.

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.