California State Teachers Retirement System Has $5.51 Million Stock Holdings in UiPath, Inc. $PATH

Key Points

• California State Teachers Retirement System increased its UiPath position by 28.1% in the first quarter, adding 108,783 shares for a total holding worth approximately $5.51 million. Institutional investors collectively own 62.5% of UiPath.
• UiPath reported quarterly revenue of $418.38 million, beating estimates of $397.54 million, while earnings per share matched expectations at $0.15. Revenue grew 17.3% year over year, and the company posted a 19.58% net margin.
• Analyst sentiment remains cautious: UiPath has a consensus “Hold” rating and an average price target of $13.80, below the stock’s reported opening price of $14.00.

California State Teachers Retirement System grew its position in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 28.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,496 shares of the company's stock after buying an additional 108,783 shares during the period. California State Teachers Retirement System owned approximately 0.09% of UiPath worth $5,511,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in UiPath in the 4th quarter valued at about $120,176,000. State Street Corp raised its position in shares of UiPath by 66.4% in the fourth quarter. State Street Corp now owns 13,004,786 shares of the company's stock valued at $213,148,000 after buying an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock valued at $145,732,000 after buying an additional 4,926,341 shares during the period. Morgan Stanley grew its position in UiPath by 54.0% during the fourth quarter. Morgan Stanley now owns 9,310,304 shares of the company's stock worth $152,596,000 after buying an additional 3,262,930 shares in the last quarter. Finally, Capital Impact Advisors LLC bought a new position in UiPath during the 4th quarter worth $52,261,000. Institutional investors and hedge funds own 62.50% of the company's stock.

UiPath Price Performance

Shares of UiPath stock opened at $14.00 on Friday. The company's 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.43. The firm has a market capitalization of $7.25 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.66 and a beta of 0.96. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84.

UiPath (NYSE:PATH - Get Free Report) last announced 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. The company had revenue of $418.38 million during the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. On average, analysts expect that UiPath, Inc. will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PATH shares. UBS Group cut their target price on UiPath from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, June 29th. BMO Capital Markets dropped their price target on UiPath from $14.00 to $13.00 and set a "market perform" rating for the company in a research note on Monday, June 1st. Bank of America increased 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. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 price target on shares of UiPath in a report on Friday, May 29th. Finally, Wall Street Zen lowered shares of UiPath from a "buy" rating to a "hold" rating in a research report on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $13.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source