55,510 Shares in UiPath, Inc. $PATH Acquired by Oak Associates Ltd. OH

Oak Associates Ltd. OH acquired a new position in shares of UiPath, Inc. (NYSE:PATH) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 55,510 shares of the company’s stock, valued at approximately $616,000.

Several other institutional investors have also recently added to or reduced their stakes in PATH. HighMark Wealth Management LLC purchased a new position in shares of UiPath during the fourth quarter worth $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of UiPath in the 4th quarter valued at $26,000. TD Waterhouse Canada Inc. raised its holdings in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares during the period. Atlas Capital Advisors Inc. acquired a new position in UiPath during the 4th quarter worth about $37,000. Finally, AdvisorNet Financial Inc lifted its stake in UiPath by 750.0% during the 1st quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock worth $38,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

PATH opened at $10.21 on Friday. The business has a fifty day moving average price of $11.14 and a 200 day moving average price of $11.67. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.28 and a beta of 0.98.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company 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%.UiPath’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. On average, research analysts anticipate that UiPath, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. UBS Group reduced their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research note on Friday, May 29th. BMO Capital Markets dropped their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Finally, Morgan Stanley cut their target price on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.80.

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.