Norges Bank Invests $120.18 Million in UiPath, Inc. $PATH

Norges Bank bought a new position in shares of UiPath, Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,332,288 shares of the company’s stock, valued at approximately $120,176,000. Norges Bank owned about 1.37% of UiPath as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC purchased a new stake in UiPath in the 4th quarter worth $25,000. HighMark Wealth Management LLC purchased a new position in shares of UiPath during the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new position in shares of UiPath during the fourth quarter valued at about $26,000. TD Waterhouse Canada Inc. increased its holdings in shares of UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock worth $29,000 after purchasing an additional 1,652 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of UiPath by 92.3% in the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock worth $42,000 after buying an additional 1,238 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial dropped their price target on UiPath from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Royal Bank Of Canada set a $14.00 price objective on UiPath in a report on Wednesday, February 11th. William Blair reiterated a “hold” rating on shares of UiPath in a research report on Thursday, March 12th. New Street Research set a $13.00 target price on shares of UiPath in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UiPath in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.87.

UiPath Trading Down 0.0%

PATH opened at $11.67 on Friday. The stock has a 50-day moving average of $10.75 and a 200 day moving average of $12.84. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The firm has a market cap of $6.11 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.79 and a beta of 0.96.

UiPath (NYSE:PATH) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $418.38 million for the quarter, compared to the consensus estimate of $397.54 million. UiPath had a return on equity of 7.92% and a net margin of 19.58%.The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. On average, research analysts forecast that UiPath, Inc. will post 0.31 earnings per share for the current fiscal year.

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.