Circumference Group LLC Sells 80,000 Shares of UiPath, Inc. $PATH

Circumference Group LLC trimmed its holdings in shares of UiPath, Inc. (NYSE:PATH) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,000 shares of the company’s stock after selling 80,000 shares during the period. UiPath makes up about 6.8% of Circumference Group LLC’s holdings, making the stock its 4th biggest position. Circumference Group LLC’s holdings in UiPath were worth $6,310,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PATH. Noble Wealth Management PBC acquired a new position in UiPath during the fourth quarter valued at $25,000. HighMark Wealth Management LLC acquired a new position in UiPath during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. acquired a new position in UiPath during the fourth quarter valued at $26,000. TD Waterhouse Canada Inc. raised its position in UiPath by 1,270.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after buying an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in UiPath during the fourth quarter valued at $37,000. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Price Performance

Shares of PATH stock opened at $10.26 on Thursday. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The stock’s 50-day moving average is $10.70 and its two-hundred day moving average is $12.67. The firm has a market cap of $5.32 billion, a P/E ratio of 17.10, a PEG ratio of 1.34 and a beta of 0.96.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The company had revenue of $418.38 million for the quarter, compared to analyst estimates of $397.54 million. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 17.3% compared to the same quarter last year. As a group, research analysts expect that UiPath, Inc. will post 0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. New Street Research set a $13.00 price target on UiPath in a research report on Monday, June 1st. Wells Fargo & Company dropped their target price on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley dropped their target price on UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Finally, Canaccord Genuity Group dropped their target price on UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UiPath has a consensus rating of “Hold” and an average price target 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.