Vanguard Group Inc. Purchases 2,251,434 Shares of UiPath, Inc. $PATH

Vanguard Group Inc. lifted its holdings in UiPath, Inc. (NYSE:PATH) by 4.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 47,895,884 shares of the company’s stock after acquiring an additional 2,251,434 shares during the quarter. Vanguard Group Inc. owned about 0.09% of UiPath worth $640,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Royal Bank of Canada boosted its position in UiPath by 8.4% in the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after purchasing an additional 10,872 shares during the last quarter. Woodline Partners LP increased its position in shares of UiPath by 69.6% during the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after purchasing an additional 9,257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of UiPath by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after purchasing an additional 75,737 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of UiPath in the 2nd quarter worth about $169,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of UiPath by 23.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 46,226 shares of the company’s stock worth $592,000 after buying an additional 8,690 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on PATH. Royal Bank Of Canada set a $14.00 price objective on shares of UiPath in a report on Wednesday, February 11th. Mizuho increased their target price on shares of UiPath from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Wells Fargo & Company raised their price target on shares of UiPath from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 4th. UBS Group reiterated a “neutral” rating on shares of UiPath in a research note on Thursday, December 4th. Finally, DA Davidson increased their price objective on UiPath from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UiPath has an average rating of “Hold” and a consensus price target of $15.77.

UiPath Price Performance

Shares of PATH stock opened at $10.16 on Tuesday. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.48 and a beta of 1.07. The company’s fifty day simple moving average is $14.44 and its two-hundred day simple moving average is $13.99. UiPath, Inc. has a 1 year low of $9.38 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The company had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current year.

Insider Transactions at UiPath

In other news, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $16.10, for a total value of $1,086,234.80. Following the completion of the transaction, the chief financial officer directly owned 557,028 shares in the company, valued at approximately $8,968,150.80. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $19.21, for a total transaction of $864,450.00. Following the sale, the chief executive officer directly owned 29,153,585 shares in the company, valued at $560,040,367.85. This trade represents a 0.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 950,048 shares of company stock valued at $15,881,744 in the last ninety days. Insiders own 23.19% of the company’s stock.

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.