Armistice Capital LLC Acquires 180,333 Shares of UiPath, Inc. $PATH

Armistice Capital LLC increased its stake in UiPath, Inc. (NYSE:PATH) by 13.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,524,617 shares of the company’s stock after buying an additional 180,333 shares during the quarter. Armistice Capital LLC’s holdings in UiPath were worth $24,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in UiPath by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after purchasing an additional 1,219,057 shares during the period. State Street Corp grew its stake in shares of UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock valued at $213,148,000 after acquiring an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of 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 acquiring an additional 4,926,341 shares in the last quarter. Morgan Stanley increased its position in shares of 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 during the period. Finally, Geode Capital Management LLC increased its position in shares of UiPath by 25.6% in the fourth quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock worth $122,951,000 after purchasing an additional 1,528,454 shares during the period. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PATH shares. TD Cowen reduced their price objective on UiPath from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. New Street Research set a $13.00 price target on UiPath in a research note on Monday, June 1st. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of UiPath in a research report on Friday, May 29th. BMO Capital Markets lowered their target price on UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Monday, June 1st. Finally, Mizuho lowered their target price on UiPath from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UiPath currently has an average rating of “Hold” and an average price target of $13.87.

UiPath Price Performance

Shares of NYSE:PATH opened at $10.26 on Thursday. The company has a market capitalization of $5.32 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96. The business has a fifty day moving average price of $10.70 and a two-hundred day moving average price of $12.67. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Sell-side analysts anticipate that UiPath, Inc. will post 0.38 earnings per share for the current 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.