Teachers Retirement System of The State of Kentucky Has $1.46 Million Position in UiPath, Inc. $PATH

Teachers Retirement System of The State of Kentucky grew its position in UiPath, Inc. (NYSE:PATH) by 11,818.2% during the 1st quarter, HoldingsChannel reports. The firm owned 131,100 shares of the company’s stock after purchasing an additional 130,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in UiPath were worth $1,455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PATH. Noble Wealth Management PBC acquired a new position in shares of UiPath in the 4th quarter valued at $25,000. HighMark Wealth Management LLC bought a new position in UiPath during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in UiPath during the fourth quarter worth about $26,000. TD Waterhouse Canada Inc. grew its stake in UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in UiPath in the fourth quarter valued at about $37,000. 62.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on PATH. Morgan Stanley lowered their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. UBS Group dropped their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, June 29th. Finally, Bank of America lifted their price target on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.80.

UiPath Stock Performance

NYSE:PATH opened at $11.98 on Thursday. The stock has a 50-day simple moving average of $10.99 and a 200 day simple moving average of $11.88. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84. The company has a market cap of $6.21 billion, a PE ratio of 19.98, a PEG ratio of 1.43 and a beta of 0.98.

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