Pacer Advisors Inc. Invests $586,000 in UiPath, Inc. $PATH

Pacer Advisors Inc. purchased a new position in UiPath, Inc. (NYSE:PATH) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 52,813 shares of the company’s stock, valued at approximately $586,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of UiPath in the 4th quarter valued at about $120,176,000. State Street Corp grew its stake in UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after purchasing an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC grew 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 worth $145,732,000 after purchasing an additional 4,926,341 shares in the last quarter. Morgan Stanley grew its stake in UiPath by 54.0% in the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after purchasing an additional 3,262,930 shares in the last quarter. Finally, Capital Impact Advisors LLC bought a new stake in UiPath in the fourth quarter valued at about $52,261,000. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Price Performance

Shares of PATH opened at $15.63 on Tuesday. The company has a market cap of $8.10 billion, a P/E ratio of 26.05, a PEG ratio of 1.80 and a beta of 0.96. The stock has a fifty day moving average price of $11.63 and a 200 day moving average price of $11.44. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84.

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

Wall Street Analyst Weigh In

A number of research firms have commented on PATH. Bank of America increased 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of UiPath in a report on Friday, May 29th. New Street Research set a $13.00 price target on UiPath in a report on Monday, June 1st. Wall Street Zen lowered UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Morgan Stanley reduced their price objective on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Two research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $13.80.

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.