Diversified Trust Co Sells 52,985 Shares of UiPath, Inc. $PATH

Diversified Trust Co trimmed its stake in shares of UiPath, Inc. (NYSE:PATH) by 78.0% in the first quarter, Holdings Channel.com reports. The firm owned 14,929 shares of the company’s stock after selling 52,985 shares during the quarter. Diversified Trust Co’s holdings in UiPath were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. DNB Asset Management AS boosted its holdings in shares of UiPath by 266.4% during the 4th quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock valued at $9,273,000 after acquiring an additional 411,395 shares in the last quarter. Burney Co. acquired a new position in UiPath in the 4th quarter worth about $2,285,000. Quantbot Technologies LP acquired a new position in UiPath in the 3rd quarter worth about $6,905,000. Heron Bay Capital Management bought a new position in UiPath in the third quarter valued at about $1,296,000. Finally, Vanguard Group Inc. raised 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 purchasing an additional 1,219,057 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson cut their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. New Street Research set a $13.00 price objective on UiPath in a research note on Monday, June 1st. TD Cowen dropped their price objective on shares of UiPath from $16.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Canaccord Genuity Group cut their target price on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UiPath in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.87.

UiPath Trading Up 6.1%

Shares of PATH opened at $10.54 on Friday. The company has a market capitalization of $5.46 billion, a PE ratio of 17.56, a PEG ratio of 1.26 and a beta of 0.96. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The stock’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $12.42.

UiPath (NYSE:PATH) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The business’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts predict that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

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.