UiPath, Inc. $PATH Shares Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd raised its stake in UiPath, Inc. (NYSE:PATH) by 39,226.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,630 shares of the company’s stock after acquiring an additional 91,397 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in UiPath were worth $996,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. HighMark Wealth Management LLC purchased a new position in UiPath in the 4th quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new stake in UiPath in the 2nd quarter valued at $27,000. TD Waterhouse Canada Inc. grew 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 period. Atlas Capital Advisors Inc. acquired a new stake in shares of UiPath during the 4th quarter worth approximately $37,000. Finally, AdvisorNet Financial Inc increased its stake in UiPath by 750.0% during the first quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock worth $38,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PATH. BMO Capital Markets reduced their price target on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of UiPath in a research report on Friday, July 10th. Royal Bank Of Canada lifted their target price on shares of UiPath from $12.00 to $15.00 and gave the company a “sector perform” rating in a report on Friday. Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research note on Friday, May 29th. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Trading Down 3.9%

Shares of PATH opened at $16.03 on Friday. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.92 and a beta of 0.96. The firm’s fifty day simple moving average is $11.97 and its 200-day simple moving average is $11.50. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, analysts predict that UiPath, Inc. will post 0.4 earnings per share for the current fiscal 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.