Graphene Investments SAS Increases Holdings in UiPath, Inc. $PATH

Graphene Investments SAS increased its position in UiPath, Inc. (NYSE:PATH) by 27.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,400 shares of the company’s stock after acquiring an additional 49,200 shares during the period. Graphene Investments SAS’s holdings in UiPath were worth $2,513,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in UiPath during the fourth quarter worth $120,176,000. State Street Corp raised its stake in shares of UiPath by 66.4% during the 4th quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after buying an additional 5,189,438 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the last quarter. Morgan Stanley boosted its position in shares of UiPath by 54.0% in the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after buying an additional 3,262,930 shares in the last quarter. Finally, Capital Impact Advisors LLC purchased a new stake in shares of UiPath in the 4th quarter worth about $52,261,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PATH shares. Bank of America raised their target price on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a report on Friday, May 29th. Morgan Stanley reduced their price target on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. New Street Research set a $13.00 price target on shares of UiPath in a research report on Monday, June 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of UiPath in a research note on Friday, July 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of UiPath in a research note on Friday, May 29th. Two investment 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 MarketBeat.com, UiPath has a consensus rating of “Hold” and an average target price of $13.80.

UiPath Trading Up 0.9%

Shares of PATH stock opened at $12.05 on Friday. The firm has a 50-day moving average price of $11.01 and a 200 day moving average price of $11.85. UiPath, Inc. has a twelve month low of $9.20 and a twelve month high of $19.84. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.43 and a beta of 0.98.

UiPath (NYSE:PATH) last released its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. As a group, research analysts predict that UiPath, Inc. will post 0.4 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.