37,881 Shares in UiPath, Inc. $PATH Purchased by R Squared Ltd

R Squared Ltd bought a new position in shares of UiPath, Inc. (NYSE:PATH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,881 shares of the company’s stock, valued at approximately $412,000.

A number of other hedge funds also recently added to or reduced their stakes in PATH. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of UiPath by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company’s stock worth $621,000 after acquiring an additional 720 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of UiPath by 7.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 12,132 shares of the company’s stock worth $199,000 after acquiring an additional 861 shares during the period. Pasadena Private Wealth LLC increased its stake in UiPath by 9.0% in the 1st quarter. Pasadena Private Wealth LLC now owns 12,750 shares of the company’s stock valued at $142,000 after purchasing an additional 1,050 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in UiPath by 36.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,968 shares of the company’s stock valued at $81,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in UiPath by 5.6% during the fourth quarter. Corient Private Wealth LLC now owns 27,283 shares of the company’s stock worth $447,000 after purchasing an additional 1,455 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PATH has been the topic of a number of research analyst reports. New Street Research set a $13.00 target price on UiPath in a research report on Monday, June 1st. Morgan Stanley dropped their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. BMO Capital Markets cut their price target 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. DA Davidson cut their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Finally, Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.87.

UiPath Price Performance

Shares of UiPath stock opened at $16.03 on Friday. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84. The business has a 50 day moving average price of $11.97 and a 200 day moving average price of $11.50. The company has a market capitalization of $8.31 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.92 and a beta of 0.96.

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