Truist Financial Corp Increases Stock Position in UiPath, Inc. $PATH

Truist Financial Corp boosted its stake in UiPath, Inc. (NYSE:PATHFree Report) by 452.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,601 shares of the company’s stock after acquiring an additional 56,178 shares during the period. Truist Financial Corp’s holdings in UiPath were worth $1,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in UiPath by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock valued at $804,994,000 after acquiring an additional 1,219,057 shares during the last quarter. AQR Capital Management LLC lifted its position in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after acquiring an additional 4,926,341 shares during the last quarter. State Street Corp lifted its position in UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after acquiring an additional 378,851 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in UiPath by 8.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,710,035 shares of the company’s stock valued at $89,761,000 after acquiring an additional 526,416 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in UiPath by 13.4% in the third quarter. Dimensional Fund Advisors LP now owns 5,505,064 shares of the company’s stock valued at $73,627,000 after acquiring an additional 648,624 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PATH has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. Needham & Company LLC raised shares of UiPath from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, March 12th. Zacks Research cut shares of UiPath from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Bank of America reduced their price target on shares of UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a research report on Thursday, March 12th. Finally, Canaccord Genuity Group reduced their target price on shares of UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Three equities research 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. Based on data from MarketBeat, UiPath has an average rating of “Hold” and a consensus target price of $14.07.

View Our Latest Stock Analysis on PATH

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UiPath Stock Performance

Shares of PATH opened at $10.29 on Friday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. The firm has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $13.22.

UiPath (NYSE:PATHGet Free Report) last announced its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The business had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that UiPath, Inc. will post 0.32 EPS for the current year.

UiPath Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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