UiPath, Inc. $PATH Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of UiPath, Inc. (NYSE:PATH) by 25.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,499,989 shares of the company’s stock after purchasing an additional 1,528,454 shares during the quarter. Geode Capital Management LLC’s holdings in UiPath were worth $122,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PATH. Sumitomo Mitsui Trust Group Inc. increased its position in shares of UiPath by 1.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after acquiring an additional 720 shares in the last quarter. Green Alpha Advisors LLC increased its position in shares of UiPath by 3.4% in the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after acquiring an additional 973 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in UiPath by 3.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock valued at $440,000 after purchasing an additional 1,149 shares in the last quarter. CoreCap Advisors LLC grew its holdings in UiPath by 92.3% during the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after purchasing an additional 1,238 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in UiPath by 36.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company’s stock valued at $81,000 after purchasing an additional 1,329 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on PATH. UBS Group lowered their price target on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Bank of America raised their price target on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. Royal Bank Of Canada set a $14.00 price objective on shares of UiPath in a research note on Wednesday, February 11th. DA Davidson reduced their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Finally, Truist Financial reduced their price objective on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Two 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Stock Performance

UiPath stock opened at $11.26 on Friday. The firm’s 50-day moving average is $10.76 and its 200-day moving average is $12.83. 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 $5.90 billion, a P/E ratio of 18.76, a PEG ratio of 1.79 and a beta of 0.96.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company had revenue of $418.38 million for the quarter, compared to the consensus estimate of $397.54 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts predict that UiPath, Inc. will post 0.31 earnings per share for the current year.

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.