Louisiana State Employees Retirement System Takes Position in UiPath, Inc. $PATH

Louisiana State Employees Retirement System purchased a new stake in UiPath, Inc. (NYSE:PATH) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 124,200 shares of the company’s stock, valued at approximately $1,379,000.

Other hedge funds have also bought and sold shares of the company. Noble Wealth Management PBC bought a new position in UiPath during the fourth quarter worth about $25,000. HighMark Wealth Management LLC bought a new stake in UiPath in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath during the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. grew its position in shares of 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, Atlas Capital Advisors Inc. bought a new position in shares of UiPath during the fourth quarter worth approximately $37,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PATH. Canaccord Genuity Group cut their price target on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. TD Cowen dropped their price objective on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 12th. UBS Group cut 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, Truist Financial reduced their target price on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, UiPath currently has an average rating of “Hold” and a consensus target price of $13.80.

UiPath Stock Performance

Shares of PATH stock opened at $11.68 on Friday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The stock’s fifty day moving average price is $10.76 and its two-hundred day moving average price is $12.18. The company has a market cap of $6.05 billion, a PE ratio of 19.46, a P/E/G ratio of 1.38 and a beta of 0.98.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The company had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter in the previous year, the firm earned $0.11 EPS. UiPath’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts predict that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

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.