Cookson Peirce & Co. Inc. Takes Position in UiPath, Inc. $PATH

Cookson Peirce & Co. Inc. acquired a new stake in shares of UiPath, Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,148 shares of the company’s stock, valued at approximately $1,248,000.

A number of other institutional investors have also recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new stake in shares of UiPath during the fourth quarter valued at approximately $197,000. J.W. Cole Advisors Inc. purchased a new stake in shares of UiPath during the fourth quarter valued at approximately $594,000. Vise Technologies Inc. purchased a new stake in shares of UiPath during the fourth quarter valued at approximately $218,000. REAP Financial Group LLC purchased a new stake in shares of UiPath during the fourth quarter valued at approximately $44,000. Finally, CIBC Asset Management Inc boosted its stake in shares of UiPath by 18.7% during the fourth quarter. CIBC Asset Management Inc now owns 17,924 shares of the company’s stock valued at $294,000 after purchasing an additional 2,826 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Stock Up 0.1%

Shares of PATH stock opened at $11.26 on Monday. The stock has a fifty day moving average of $10.76 and a 200 day moving average of $12.82. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.66 and a beta of 0.96.

UiPath (NYSE:PATH) last announced 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 analyst estimates of $397.54 million. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Equities research analysts anticipate that UiPath, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. 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. UBS Group dropped their price target on UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 12th. Truist Financial dropped their price target on UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. BMO Capital Markets dropped their price target on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Finally, Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.87.

About UiPath

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.