UiPath, Inc. $PATH Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP cut its holdings in shares of UiPath, Inc. (NYSE:PATH) by 74.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,298 shares of the company’s stock after selling 33,547 shares during the period. Qsemble Capital Management LP’s holdings in UiPath were worth $123,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PATH. HighMark Wealth Management LLC acquired a new stake in shares of UiPath during the fourth quarter worth about $25,000. Trifecta Capital Advisors LLC acquired a new position in shares of UiPath in the second quarter valued at approximately $27,000. TD Waterhouse Canada Inc. grew its holdings in shares of 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 purchasing an additional 1,652 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in UiPath during the 4th quarter worth approximately $37,000. Finally, AdvisorNet Financial Inc increased 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 buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Performance

PATH stock opened at $16.03 on Friday. The company’s 50 day moving average price is $11.97 and its 200 day moving average price is $11.50. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 2.00 and a beta of 0.96. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84.

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

Analyst Upgrades and Downgrades

PATH has been the topic of a number of research reports. DA Davidson reduced 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 Friday, May 29th. Morgan Stanley dropped their price target on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. BMO Capital Markets cut their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, June 1st. Bank of America increased their price objective on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. Finally, UBS Group decreased their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.