D.A. Davidson & CO. Has $9.60 Million Stock Holdings in UiPath, Inc. $PATH

Key Points

• D.A. Davidson & CO. cut its stake in UiPath by 22.2% in Q4, selling 166,750 shares and ending the quarter with 585,698 shares worth $9.6 million (about 0.11% of the company).
• UiPath beat Q4 estimates with $0.30 EPS vs. $0.25 consensus and revenue of $481.11M (up 13.4% YoY), but analysts overall maintain a consensus "Hold" rating and a $14.07 price target after mixed revisions.

D.A. Davidson & CO. cut its stake in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 585,698 shares of the company's stock after selling 166,750 shares during the period. D.A. Davidson & CO. owned approximately 0.11% of UiPath worth $9,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of UiPath by 1.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,871 shares of the company's stock worth $621,000 after purchasing an additional 720 shares during the period. Green Alpha Advisors LLC raised its position in shares of UiPath by 3.4% during the fourth quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company's stock worth $484,000 after purchasing an additional 973 shares during the period. Covestor Ltd raised its position in shares of UiPath by 17.7% during the third quarter. Covestor Ltd now owns 6,522 shares of the company's stock worth $87,000 after purchasing an additional 981 shares during the period. Wealthfront Advisers LLC raised its position in shares of UiPath by 3.6% during the third quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company's stock worth $440,000 after purchasing an additional 1,149 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of UiPath by 92.3% during 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 period. 62.50% of the stock is owned by institutional investors and hedge funds.

UiPath Trading Up 1.0%

NYSE:PATH opened at $10.56 on Wednesday. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.71 and a beta of 1.03. UiPath, Inc. has a 1-year low of $9.28 and a 1-year high of $19.84. The business's fifty day moving average price is $10.98 and its 200 day moving average price is $13.64.

UiPath (NYSE:PATH - Get Free Report) last issued its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The firm had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts forecast that UiPath, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PATH. Barclays boosted their target price on UiPath from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Monday, January 12th. Canaccord Genuity Group dropped their price target on UiPath from $19.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, March 12th. Mizuho dropped their price target on UiPath from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 12th. UBS Group dropped their price target on UiPath from $17.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, March 12th. Finally, Wall Street Zen lowered UiPath from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 28th. Three investment 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. According to data from MarketBeat.com, UiPath currently has a consensus rating of "Hold" and a consensus price target of $14.07.

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.

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