Alkeon Capital Management LLC Has $42.80 Million Position in UiPath, Inc. $PATH

Alkeon Capital Management LLC lowered its position in UiPath, Inc. (NYSE:PATH) by 35.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,611,276 shares of the company’s stock after selling 1,450,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in UiPath were worth $42,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PATH. Noble Wealth Management PBC bought a new position in shares of UiPath in the fourth quarter valued at about $25,000. HighMark Wealth Management LLC bought a new position in shares of UiPath in the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. bought a new position in shares of UiPath in the fourth quarter valued at about $26,000. TD Waterhouse Canada Inc. raised its position 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 valued at $29,000 after purchasing an additional 1,652 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of UiPath in the fourth quarter valued at about $37,000. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PATH shares. UBS Group dropped their price objective on shares of UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley dropped their price objective on shares of UiPath from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Truist Financial dropped their price objective on shares of UiPath from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of UiPath in a research report on Friday, May 29th. Finally, Canaccord Genuity Group dropped their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. 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, the company currently has a consensus rating of “Hold” and a consensus price target of $13.87.

UiPath Stock Performance

NYSE:PATH opened at $10.79 on Tuesday. UiPath, Inc. has a 52 week low of $9.20 and a 52 week high of $19.84. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.34 and a beta of 0.96. The firm’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $12.72.

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

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.