KBC Group NV Has $2.75 Million Holdings in UiPath, Inc. $PATH

KBC Group NV boosted its stake in UiPath, Inc. (NYSE:PATH) by 2,141.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,077 shares of the company’s stock after purchasing an additional 237,011 shares during the quarter. KBC Group NV’s holdings in UiPath were worth $2,754,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in UiPath by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after buying an additional 720 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in shares of UiPath by 7.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock valued at $199,000 after acquiring an additional 861 shares during the last quarter. Pasadena Private Wealth LLC increased its stake in shares of UiPath by 9.0% in the 1st quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock valued at $142,000 after acquiring an additional 1,050 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of UiPath by 92.3% in the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after acquiring an additional 1,238 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of UiPath by 36.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company’s stock valued at $81,000 after acquiring an additional 1,329 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Up 6.3%

Shares of PATH stock opened at $10.85 on Friday. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The firm has a fifty day moving average of $11.15 and a 200-day moving average of $11.67. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.22 and a beta of 0.98.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities analysts expect that UiPath, Inc. will post 0.4 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PATH shares. New Street Research set a $13.00 price objective on shares of UiPath in a report on Monday, June 1st. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of UiPath in a report on Friday, May 29th. Wall Street Zen cut shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. DA Davidson reduced their price target on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Finally, BMO Capital Markets decreased their price target on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, UiPath has a consensus rating of “Hold” and a consensus price target of $13.80.

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.