Oregon Public Employees Retirement Fund Makes New $1.38 Million Investment in UiPath, Inc. $PATH

Oregon Public Employees Retirement Fund acquired a new position in shares of UiPath, Inc. (NYSE:PATHFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 84,000 shares of the company’s stock, valued at approximately $1,377,000.

Several other large investors also recently made changes to their positions in PATH. Royal Bank of Canada increased its holdings in UiPath by 8.4% during 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 last quarter. Woodline Partners LP lifted its stake in UiPath by 69.6% in the first quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock valued at $232,000 after acquiring an additional 9,257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 valued at $15,221,000 after acquiring an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of UiPath in the 2nd quarter valued at about $169,000. Finally, Prudential Financial Inc. grew its position in shares of UiPath by 90.1% in the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock valued at $436,000 after acquiring an additional 16,125 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PATH. BMO Capital Markets dropped their target price on shares of UiPath from $17.00 to $14.00 and set a “market perform” rating on the stock in a report on Friday, March 13th. Truist Financial reduced their price target on UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 28th. Canaccord Genuity Group cut their price objective on UiPath from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Zacks Research downgraded UiPath from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.07.

Check Out Our Latest Analysis on PATH

UiPath Price Performance

Shares of PATH opened at $10.29 on Monday. The company’s 50-day moving average is $10.90 and its 200-day moving average is $13.19. The firm has a market capitalization of $5.39 billion, a PE ratio of 19.78, a PEG ratio of 1.68 and a beta of 0.91. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84.

UiPath (NYSE:PATHGet Free Report) last announced its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The business had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. UiPath’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts predict that UiPath, Inc. will post 0.32 earnings per share for the current fiscal year.

UiPath News Roundup

Here are the key news stories impacting UiPath this week:

UiPath Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UiPath, Inc. (NYSE:PATHFree Report).

Institutional Ownership by Quarter for UiPath (NYSE:PATH)

Receive News & Ratings for UiPath Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UiPath and related companies with MarketBeat.com's FREE daily email newsletter.