Legal & General Group Plc Buys 68,961 Shares of UiPath, Inc. $PATH

Legal & General Group Plc grew its holdings in UiPath, Inc. (NYSE:PATH) by 11.9% during the 4th quarter, HoldingsChannel reports. The firm owned 646,907 shares of the company’s stock after purchasing an additional 68,961 shares during the quarter. Legal & General Group Plc’s holdings in UiPath were worth $10,603,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of UiPath by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after buying an additional 1,219,057 shares during the last quarter. AQR Capital Management LLC boosted its stake in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after buying an additional 4,926,341 shares in the last quarter. State Street Corp boosted its stake in UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after buying an additional 378,851 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UiPath by 8.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,710,035 shares of the company’s stock valued at $89,761,000 after buying an additional 526,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in UiPath by 13.4% in the third quarter. Dimensional Fund Advisors LP now owns 5,505,064 shares of the company’s stock valued at $73,627,000 after buying an additional 648,624 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Down 4.2%

Shares of PATH opened at $11.67 on Thursday. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84. The business has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $12.86. The stock has a market cap of $6.11 billion, a PE ratio of 19.44, a PEG ratio of 1.86 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 analysts’ consensus estimates of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business 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 firm earned $0.11 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts expect that UiPath, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America raised their price objective on UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research note on Friday, May 29th. UBS Group reduced their price objective on UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Royal Bank Of Canada set a $14.00 price objective on UiPath in a research note on Wednesday, February 11th. Finally, Truist Financial reduced their price objective on UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.