Nano Cap New Millennium Growth Fund L P Invests $803,000 in UiPath, Inc. $PATH

Nano Cap New Millennium Growth Fund L P bought a new position in shares of UiPath, Inc. (NYSE:PATHFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 49,000 shares of the company’s stock, valued at approximately $803,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PATH. Royal Bank of Canada boosted its stake in shares of UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after acquiring an additional 10,872 shares during the period. Woodline Partners LP boosted its stake in UiPath by 69.6% in the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after purchasing an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UiPath by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after purchasing an additional 75,737 shares during the period. Sivia Capital Partners LLC bought a new stake in UiPath in the 2nd quarter valued at $169,000. Finally, Prudential Financial Inc. boosted its stake in UiPath by 90.1% in the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after purchasing an additional 16,125 shares during the period. 62.50% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Bank of America reduced their price target on UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, March 12th. TD Cowen reduced their price target on UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Finally, BMO Capital Markets reduced their price target on UiPath from $17.00 to $14.00 and set a “market perform” rating for the company in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.07.

Check Out Our Latest Report on UiPath

UiPath Stock Down 2.1%

Shares of PATH opened at $10.55 on Friday. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The business has a 50-day simple moving average of $10.81 and a two-hundred day simple moving average of $13.04. The stock has a market cap of $5.52 billion, a PE ratio of 20.28, a PEG ratio of 1.76 and a beta of 0.91.

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

UiPath Company 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.

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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