396,363 Shares in UiPath, Inc. $PATH Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in shares of UiPath, Inc. (NYSE:PATH) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 396,363 shares of the company’s stock, valued at approximately $4,400,000.

Several other large investors have also made changes to their positions in PATH. Vanguard Group Inc. increased its stake in shares of UiPath by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after acquiring an additional 1,219,057 shares during the period. State Street Corp boosted its holdings in UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after purchasing an additional 5,189,438 shares during the last quarter. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 4,926,341 shares during the last quarter. Morgan Stanley grew its position in UiPath by 54.0% during the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after purchasing an additional 3,262,930 shares during the period. Finally, Geode Capital Management LLC grew its position in UiPath by 25.6% during the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock worth $122,951,000 after purchasing an additional 1,528,454 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target on shares of UiPath in a research report on Friday, May 29th. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. UBS Group lowered their price objective on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.80.

UiPath Stock Up 0.2%

Shares of UiPath stock opened at $12.18 on Tuesday. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84. The business has a 50-day moving average price of $11.07 and a 200 day moving average price of $11.78. The firm has a market cap of $6.31 billion, a PE ratio of 20.29, a P/E/G ratio of 1.46 and a beta of 0.98.

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

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.