7,332,288 Shares in UiPath, Inc. $PATH Purchased by Norges Bank

Norges Bank acquired a new position in UiPath, Inc. (NYSE:PATH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,332,288 shares of the company’s stock, valued at approximately $120,176,000.

Several other large investors have also modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of UiPath by 8.4% in the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock worth $1,450,000 after buying an additional 10,872 shares during the period. Woodline Partners LP increased its stake in UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in UiPath by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after purchasing an additional 75,737 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of UiPath during the second quarter worth $169,000. Finally, Prudential Financial Inc. boosted its stake in shares of UiPath by 90.1% during the second 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. Hedge funds and other institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

PATH stock opened at $11.67 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 $10.75 and a 200 day moving average price of $12.84. The company has a market capitalization of $6.11 billion, a P/E ratio of 19.45, a PEG ratio of 1.79 and a beta of 0.96.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $397.54 million. During the same period in the prior year, the business earned $0.11 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts anticipate that UiPath, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research note on Friday, March 27th. UBS Group dropped their target price on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Wells Fargo & Company reduced their target price on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Truist Financial decreased their price target on shares of UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Finally, Mizuho lowered their price target on UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Two investment 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, UiPath presently has an average rating of “Hold” and a consensus target price of $13.87.

About UiPath

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.