Comerica Bank raised its position in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 4,378.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,295 shares of the company's stock after buying an additional 100,011 shares during the quarter. Comerica Bank's holdings in UiPath were worth $1,677,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of PATH. Sumitomo Mitsui Trust Group Inc. grew its position in shares of UiPath by 1.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company's stock worth $621,000 after buying an additional 720 shares during the last quarter. Green Alpha Advisors LLC lifted its position in UiPath by 3.4% during the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company's stock valued at $484,000 after acquiring an additional 973 shares during the last quarter. Covestor Ltd boosted its stake in UiPath by 17.7% in the third quarter. Covestor Ltd now owns 6,522 shares of the company's stock valued at $87,000 after acquiring an additional 981 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in UiPath by 3.6% in the third quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company's stock valued at $440,000 after acquiring an additional 1,149 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in 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 purchasing an additional 1,238 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.
More UiPath News
Here are the key news stories impacting UiPath this week:
UiPath Price Performance
Shares of PATH opened at $10.50 on Thursday. The firm has a market capitalization of $5.50 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. UiPath, Inc. has a 1-year low of $9.28 and a 1-year high of $19.84. The company's fifty day moving average price is $10.95 and its 200-day moving average price is $13.47.
UiPath (NYSE:PATH - Get Free Report) last issued its earnings results on Wednesday, March 11th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The company had revenue of $481.11 million during the quarter, compared to analyst estimates of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, research analysts anticipate that UiPath, Inc. will post 0.32 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
PATH has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $14.00 price target on UiPath in a research report on Wednesday, February 11th. DA Davidson dropped their target price on UiPath from $15.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, March 12th. William Blair reaffirmed a "hold" rating on shares of UiPath in a research report on Thursday, March 12th. Wells Fargo & Company decreased their price target on UiPath from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, March 12th. Finally, Truist Financial lowered their price target on UiPath from $17.00 to $12.00 and set a "hold" rating for the company in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.07.
View Our Latest Analysis on PATH
UiPath Profile
(
Free Report)
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.
See Also
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