78,348 Shares in UiPath, Inc. $PATH Acquired by James Investment Research Inc.

James Investment Research Inc. purchased a new stake in shares of UiPath, Inc. (NYSE:PATH) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 78,348 shares of the company’s stock, valued at approximately $870,000.

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

UiPath Trading Up 1.1%

Shares of PATH stock opened at $11.68 on Friday. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.38 and a beta of 0.98. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84. The stock’s fifty day simple moving average is $10.76 and its 200-day simple moving average is $12.18.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PATH. Wells Fargo & Company reduced their price objective on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, March 12th. Mizuho dropped their target price on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. TD Cowen cut their target price on shares of UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Truist Financial decreased their price target on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of UiPath in a report on Friday, May 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.