Capital Impact Advisors LLC Buys Shares of 3,188,606 UiPath, Inc. $PATH

Capital Impact Advisors LLC bought a new stake in UiPath, Inc. (NYSE:PATH) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,188,606 shares of the company’s stock, valued at approximately $52,261,000. UiPath makes up about 4.1% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in UiPath by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock valued at $804,994,000 after buying an additional 1,219,057 shares during the last quarter. State Street Corp lifted its position in 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 buying an additional 5,189,438 shares during the last quarter. AQR Capital Management LLC lifted its position 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 during the last quarter. Morgan Stanley lifted its position in UiPath by 54.0% in the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock valued at $152,596,000 after buying an additional 3,262,930 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in UiPath by 25.6% in the fourth quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company’s stock valued at $122,951,000 after buying an additional 1,528,454 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

Shares of NYSE:PATH opened at $10.26 on Thursday. The firm 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 firm’s 50-day moving average is $10.70 and its two-hundred day moving average is $12.67. UiPath, Inc. has a 1 year low of $9.20 and a 1 year high of $19.84.

UiPath (NYSE:PATH) last issued its quarterly 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. The company had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Analysts expect that UiPath, Inc. will post 0.38 EPS for the current fiscal year.

Analyst Ratings Changes

PATH has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of UiPath in a research report on Friday, May 29th. Bank of America upped their target price on shares of UiPath from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Friday, May 29th. Wall Street Zen lowered shares of UiPath from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Wells Fargo & Company cut their price target on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 12th. Finally, New Street Research set a $13.00 price target on shares of UiPath in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.87.

UiPath Company 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.