Janney Montgomery Scott LLC Increases Position in UiPath, Inc. $PATH

Janney Montgomery Scott LLC raised its holdings in UiPath, Inc. (NYSE:PATH) by 1,162.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 129,184 shares of the company’s stock after acquiring an additional 118,953 shares during the period. Janney Montgomery Scott LLC’s holdings in UiPath were worth $1,404,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the 4th quarter worth approximately $25,000. TD Waterhouse Canada Inc. increased its holdings in shares of UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,652 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of UiPath in the fourth quarter valued at approximately $37,000. Trifecta Capital Advisors LLC purchased a new position in UiPath during the second quarter worth approximately $27,000. Finally, REAP Financial Group LLC purchased a new position in UiPath during the fourth quarter worth approximately $44,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Price Performance

NYSE PATH opened at $16.03 on Friday. The company has a market cap of $8.31 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.92 and a beta of 0.96. The stock has a 50-day moving average of $11.97 and a two-hundred day moving average of $11.50. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly 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. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business had revenue of $418.38 million for the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts anticipate that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of UiPath in a report on Friday, July 10th. DA Davidson reduced their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. UBS Group lowered 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 Monday, June 29th. New Street Research set a $13.00 price objective on shares of UiPath in a report on Monday, June 1st. Finally, Royal Bank Of Canada raised their price objective on shares of UiPath from $12.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday. Two 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, UiPath currently has an average rating of “Hold” and an average price target of $13.87.

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.