UiPath, Inc. $PATH Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its holdings in UiPath, Inc. (NYSE:PATH) by 61.2% during the 2nd quarter, Holdings Channel reports. The fund owned 42,813 shares of the company’s stock after selling 67,672 shares during the period. HighTower Advisors LLC’s holdings in UiPath were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in PATH. HighMark Wealth Management LLC purchased a new position in shares of UiPath during the fourth quarter worth $25,000. TD Waterhouse Canada Inc. lifted its position in UiPath by 1,270.8% during 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. purchased a new stake in UiPath in the fourth quarter valued at $37,000. Trifecta Capital Advisors LLC purchased a new stake in UiPath in the second quarter valued at $27,000. Finally, REAP Financial Group LLC purchased a new stake in UiPath in the fourth quarter valued at $44,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PATH. BMO Capital Markets reduced their price objective on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. New Street Research set a $13.00 target price on UiPath in a research note on Monday, June 1st. UBS Group lowered their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Bank of America raised their target price on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price target on UiPath from $12.00 to $15.00 and gave the company a “sector perform” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UiPath presently has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Stock Performance

PATH stock opened at $16.03 on Friday. The firm has a market cap of $8.31 billion, a PE ratio of 26.72, a P/E/G ratio of 1.92 and a beta of 0.96. The firm’s fifty day moving average is $11.97 and its 200 day moving average is $11.50. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The business 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 prior year, the firm posted $0.11 earnings per share. Research analysts predict that UiPath, Inc. will post 0.4 earnings per share for the current fiscal year.

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.