Mandatum Life Insurance Co Ltd Makes New Investment in UiPath, Inc. $PATH

Mandatum Life Insurance Co Ltd bought a new position in UiPath, Inc. (NYSE:PATH) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 128,000 shares of the company’s stock, valued at approximately $1,421,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PATH. Sigma Planning Corp boosted its position in UiPath by 2.4% during the 1st quarter. Sigma Planning Corp now owns 72,422 shares of the company’s stock valued at $804,000 after acquiring an additional 1,705 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of UiPath in the 1st quarter worth approximately $190,000. State of Michigan Retirement System purchased a new position in shares of UiPath in the 1st quarter valued at approximately $1,143,000. Principal Financial Group Inc. boosted its position in shares of UiPath by 5.5% during the first quarter. Principal Financial Group Inc. now owns 955,157 shares of the company’s stock valued at $10,602,000 after purchasing an additional 50,057 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of UiPath by 11,818.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 131,100 shares of the company’s stock valued at $1,455,000 after purchasing an additional 130,000 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PATH. DA Davidson decreased their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research report on Friday. UBS Group decreased their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. BMO Capital Markets dropped their price objective on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Finally, Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.80.

UiPath Stock Performance

NYSE:PATH opened at $11.96 on Wednesday. The firm has a market cap of $6.20 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.42 and a beta of 0.98. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The firm has a 50-day simple moving average of $10.96 and a two-hundred day simple moving average of $11.92.

UiPath (NYSE:PATH) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, equities research analysts predict that UiPath, Inc. will post 0.4 EPS for the current year.

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.