IFS Group LLC Makes New $448,000 Investment in UiPath, Inc. $PATH

IFS Group LLC purchased a new position in shares of UiPath, Inc. (NYSE:PATH) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,319 shares of the company’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of UiPath in the 4th quarter valued at $120,176,000. State Street Corp increased its position in UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company’s stock worth $213,148,000 after buying an additional 5,189,438 shares during the last quarter. AQR Capital Management LLC increased its position in UiPath by 76.0% during the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the last quarter. Morgan Stanley increased its position in UiPath by 54.0% during the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company’s stock worth $152,596,000 after buying an additional 3,262,930 shares during the last quarter. Finally, Capital Impact Advisors LLC bought a new position in UiPath during the fourth quarter valued at about $52,261,000. Institutional investors own 62.50% of the company’s stock.

UiPath Price Performance

PATH stock opened at $12.54 on Thursday. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.46 and a beta of 0.98. The company has a 50-day moving average of $11.24 and a two-hundred day moving average of $11.53. UiPath, Inc. has a 52-week low of $9.20 and a 52-week high of $19.84.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.15 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 for the quarter, compared to analyst estimates of $397.54 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts expect that UiPath, Inc. will post 0.4 EPS for the current fiscal year.

Analyst Ratings Changes

PATH has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. New Street Research set a $13.00 price objective on UiPath in a research note on Monday, June 1st. UBS Group reduced their target price on UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Bank of America upped their target price on UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research report on Friday, May 29th. Finally, DA Davidson lowered their price target on UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.80.

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.