Northwestern Mutual Wealth Management Co. Boosts Stake in UiPath, Inc. $PATH

Northwestern Mutual Wealth Management Co. increased its position in UiPath, Inc. (NYSE:PATH) by 113.9% in the 4th quarter, Holdings Channel reports. The firm owned 117,984 shares of the company’s stock after buying an additional 62,828 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in UiPath were worth $1,934,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of UiPath by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock valued at $804,994,000 after purchasing an additional 1,219,057 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of UiPath by 76.0% in the 2nd 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. State Street Corp lifted its holdings in shares of UiPath by 5.0% in the 2nd quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after purchasing an additional 378,851 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of UiPath by 25.6% in the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock valued at $122,951,000 after purchasing an additional 1,528,454 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of UiPath by 8.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,710,035 shares of the company’s stock valued at $89,761,000 after purchasing an additional 526,416 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PATH. DA Davidson reduced their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Wells Fargo & Company reduced their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Truist Financial reduced their target price on UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of UiPath in a report on Friday, May 29th. Finally, William Blair restated a “hold” rating on shares of UiPath in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.87.

UiPath Stock Performance

PATH stock opened at $11.26 on Friday. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The stock has a market capitalization of $5.90 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96. The company has a fifty day moving average of $10.76 and a 200-day moving average of $12.83.

UiPath (NYSE:PATH) last released its earnings results on Thursday, May 28th. The company reported $0.15 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 company had revenue of $418.38 million during the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter last year, the business earned $0.11 EPS. The business’s revenue was up 17.3% on a year-over-year basis. Equities analysts forecast that UiPath, Inc. will post 0.32 earnings per share for the current fiscal year.

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.