Inceptionr LLC Makes New $526,000 Investment in UiPath, Inc. $PATH

Inceptionr LLC purchased a new position in shares of UiPath, Inc. (NYSE:PATH) during the first quarter, Holdings Channel reports. The institutional investor purchased 47,383 shares of the company’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC bought a new stake in shares of UiPath in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new stake in UiPath in the fourth quarter worth about $26,000. TD Waterhouse Canada Inc. grew its holdings in UiPath by 1,270.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after acquiring an additional 1,652 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in UiPath during the 4th quarter worth about $37,000. Finally, AdvisorNet Financial Inc increased its position in UiPath by 750.0% during the 1st quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after purchasing an additional 3,000 shares during the period. Institutional investors own 62.50% of the company’s stock.

UiPath Stock Up 6.3%

Shares of UiPath stock opened at $10.85 on Friday. The firm’s 50 day moving average price is $11.15 and its 200-day moving average price is $11.67. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84. The company has a market cap of $5.62 billion, a P/E ratio of 18.08, a PEG ratio of 1.30 and a beta of 0.98.

UiPath (NYSE:PATH) last posted its earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $397.54 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. UiPath’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts forecast that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PATH has been the subject of several recent research reports. Morgan Stanley reduced their price target on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. New Street Research set a $13.00 price objective on shares of UiPath in a report on Monday, June 1st. DA Davidson reduced their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. BMO Capital Markets lowered their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Finally, Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.80.

UiPath 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.