UiPath, Inc. $PATH Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in UiPath, Inc. (NYSE:PATH) by 1,162.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,184 shares of the company’s stock after acquiring an additional 118,953 shares during the period. Janney Montgomery Scott LLC’s holdings in UiPath were worth $1,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in UiPath during the 4th quarter worth $120,176,000. State Street Corp raised its position in 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 in the last quarter. AQR Capital Management LLC boosted its stake in shares of UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares during the period. Morgan Stanley boosted its stake in shares of UiPath by 54.0% in the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after buying an additional 3,262,930 shares during the period. Finally, Capital Impact Advisors LLC purchased a new position in shares of UiPath in the 4th quarter valued at about $52,261,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Stock Performance

PATH opened at $16.03 on Friday. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The company has a market cap of $8.31 billion, a P/E ratio of 26.72, a PEG ratio of 1.92 and a beta of 0.96. The business’s 50-day simple moving average is $11.97 and its 200-day simple moving average is $11.50.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 7.92% and a net margin of 19.58%.The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. As a group, analysts predict that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. New Street Research set a $13.00 price target on shares of UiPath in a research note on Monday, June 1st. 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 report on Friday, May 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research report on Friday, May 29th. Two 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 data from MarketBeat, UiPath currently has a consensus rating of “Hold” and an average price target of $13.87.

UiPath 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.