Northwestern Mutual Investment Management Company LLC Acquires Shares of 93,950 UiPath, Inc. $PATH

Northwestern Mutual Investment Management Company LLC bought a new position in shares of UiPath, Inc. (NYSE:PATHFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 93,950 shares of the company’s stock, valued at approximately $1,540,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in shares of UiPath during the 4th quarter worth approximately $25,000. HighMark Wealth Management LLC acquired a new position in shares of UiPath during the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new position in shares of UiPath during the 4th quarter worth approximately $26,000. TD Waterhouse Canada Inc. grew its position in shares of UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after purchasing an additional 1,652 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of UiPath by 92.3% during the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock worth $42,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Key Stories Impacting UiPath

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UiPath Trading Up 0.1%

Shares of UiPath stock opened at $10.29 on Monday. The company has a 50 day moving average of $10.90 and a 200-day moving average of $13.19. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84. The company has a market cap of $5.39 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91.

UiPath (NYSE:PATHGet Free Report) last issued its quarterly earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The company had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts forecast that UiPath, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PATH. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Needham & Company LLC upgraded shares of UiPath from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, March 12th. Mizuho decreased their target price on shares of UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. DA Davidson decreased their target price on shares of UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Finally, TD Cowen decreased their target price on shares of UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Three equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.07.

Read Our Latest Report on PATH

UiPath Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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