47,383 Shares in UiPath, Inc. $PATH Bought by Inceptionr LLC

Inceptionr LLC acquired a new position in UiPath, Inc. (NYSE:PATH) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 47,383 shares of the company’s stock, valued at approximately $526,000.

Several other hedge funds also recently made changes to their positions in the company. DNB Asset Management AS increased its holdings in UiPath by 266.4% in the 4th quarter. DNB Asset Management AS now owns 565,799 shares of the company’s stock worth $9,273,000 after acquiring an additional 411,395 shares in the last quarter. State of Michigan Retirement System purchased a new position in UiPath during the first quarter valued at approximately $1,143,000. Burney Co. purchased a new position in UiPath during the fourth quarter valued at approximately $2,285,000. Vanguard Group Inc. boosted its position in shares of UiPath by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company’s stock worth $804,994,000 after purchasing an additional 1,219,057 shares during the period. Finally, Pier Capital LLC boosted its position in shares of UiPath by 95.4% in the fourth quarter. Pier Capital LLC now owns 251,245 shares of the company’s stock worth $4,118,000 after purchasing an additional 122,671 shares during the period. 62.50% of the stock is currently owned by institutional investors.

UiPath Trading Up 6.3%

Shares of PATH opened at $10.85 on Friday. The firm has a fifty day moving average price of $11.15 and a 200-day moving average price of $11.67. The firm has a market capitalization of $5.62 billion, a P/E ratio of 18.08, a P/E/G ratio of 1.30 and a beta of 0.98. UiPath, Inc. has a 12-month low of $9.20 and a 12-month high of $19.84.

UiPath (NYSE:PATH) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.15 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 the consensus estimate of $397.54 million. During the same quarter last year, the firm posted $0.11 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. Analysts predict that UiPath, Inc. will post 0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PATH shares. UBS Group dropped 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 Monday, June 29th. Wall Street Zen cut UiPath from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. BMO Capital Markets dropped their price target on shares of UiPath from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. DA Davidson reduced their price objective on shares of UiPath from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Finally, Bank of America raised their price objective on shares of UiPath from $12.00 to $13.00 and gave the stock an “underperform” rating in a research note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, UiPath has an average 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.