Nano Cap New Millennium Growth Fund L P Purchases Shares of 49,000 UiPath, Inc. $PATH

Nano Cap New Millennium Growth Fund L P purchased a new stake in UiPath, Inc. (NYSE:PATHFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 49,000 shares of the company’s stock, valued at approximately $803,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in UiPath by 4.9% in the third quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock valued at $640,847,000 after acquiring an additional 2,251,434 shares during the period. DNB Asset Management AS grew its position in UiPath by 266.4% in the fourth 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 during the period. Jackson Creek Investment Advisors LLC bought a new stake in UiPath in the third quarter valued at $1,579,000. Hillsdale Investment Management Inc. grew its holdings in shares of UiPath by 413.7% during the third quarter. Hillsdale Investment Management Inc. now owns 307,700 shares of the company’s stock worth $4,117,000 after purchasing an additional 247,800 shares during the last quarter. Finally, Burney Co. bought a new stake in shares of UiPath during the fourth quarter worth $2,285,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Price Performance

NYSE PATH opened at $10.55 on Friday. The firm has a market cap of $5.52 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.76 and a beta of 0.91. The stock’s 50-day moving average is $10.81 and its 200-day moving average is $13.04. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84.

UiPath (NYSE:PATHGet Free Report) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $481.11 million during the quarter, compared to the consensus estimate of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.UiPath’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Equities analysts anticipate that UiPath, Inc. will post 0.32 EPS for the current year.

UiPath News Summary

Here are the key news stories impacting UiPath this week:

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America decreased their target price on UiPath from $14.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, March 12th. William Blair restated a “hold” rating on shares of UiPath in a report on Thursday, March 12th. Royal Bank Of Canada set a $14.00 target price on UiPath in a report on Wednesday, February 11th. DA Davidson decreased their target price on UiPath from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Finally, Mizuho decreased their target price on UiPath from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Three equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.07.

View Our Latest Stock Analysis on PATH

About UiPath

(Free Report)

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.

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Institutional Ownership by Quarter for UiPath (NYSE:PATH)

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