Sei Investments Co. Has $2.37 Million Position in UiPath, Inc. $PATH

Sei Investments Co. lowered its stake in shares of UiPath, Inc. (NYSE:PATH) by 46.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,065 shares of the company’s stock after selling 184,292 shares during the quarter. Sei Investments Co.’s holdings in UiPath were worth $2,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of UiPath by 8.4% in the first quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after purchasing an additional 10,872 shares during the period. Woodline Partners LP boosted its holdings in shares of UiPath by 69.6% during the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after buying an additional 9,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in UiPath by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock valued at $15,221,000 after buying an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in UiPath in the 2nd quarter valued at $169,000. Finally, Prudential Financial Inc. raised its holdings in UiPath by 90.1% in the 2nd quarter. Prudential Financial Inc. now owns 34,029 shares of the company’s stock worth $436,000 after acquiring an additional 16,125 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Price Performance

NYSE:PATH opened at $15.04 on Friday. UiPath, Inc. has a one year low of $9.20 and a one year high of $19.84. The company has a fifty day moving average price of $11.58 and a 200 day moving average price of $11.46. The stock has a market cap of $7.79 billion, a P/E ratio of 25.06, a PEG ratio of 1.80 and a beta of 0.96.

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

Analysts Set New Price Targets

PATH has been the subject of a number of research analyst reports. DA Davidson cut their target price on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. BMO Capital Markets lowered their price target on UiPath from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Monday, June 1st. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research note on Friday, May 29th. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Morgan Stanley decreased their target price on UiPath from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.80.

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.