Danske Bank A S Sells 881,301 Shares of UiPath, Inc. $PATH

Key Points

• Danske Bank A/S sold 881,301 UiPath shares in Q4, cutting its stake by 83.5% and leaving 173,580 shares worth about $2.85 million.
• Analysts are mixed: Morgan Stanley recently upgraded UiPath to "positive," but the consensus remains a Hold with an average price target of $14.07 (3 Buys, 14 Holds, 1 Sell).
• UiPath's latest quarter beat estimates — $0.30 EPS vs. $0.25 expected and revenue of $481.11M (up 13.4% YoY) — with a market cap around $5.61 billion and a 52-week range of $9.28–$19.84.

Danske Bank A S cut its stake in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 83.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,580 shares of the company's stock after selling 881,301 shares during the period. Danske Bank A S's holdings in UiPath were worth $2,845,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PATH. Noble Wealth Management PBC purchased a new stake in UiPath in the 4th quarter worth approximately $25,000. Raleigh Capital Management Inc. bought a new position in shares of UiPath in the fourth quarter worth $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 worth $29,000 after buying an additional 1,652 shares in the last quarter. CoreCap Advisors LLC boosted its stake in UiPath by 92.3% during the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company's stock valued at $42,000 after buying an additional 1,238 shares during the period. Finally, GAMMA Investing LLC boosted its stake in UiPath by 93.3% during the fourth quarter. GAMMA Investing LLC now owns 5,251 shares of the company's stock valued at $86,000 after buying an additional 2,534 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PATH has been the topic of a number of research analyst reports. Morgan Stanley upgraded UiPath from an "equal weight" rating to a "positive" rating in a research note on Friday, March 13th. Weiss Ratings reissued a "hold (c)" rating on shares of UiPath in a report on Friday, March 27th. Royal Bank Of Canada set a $14.00 target price on shares of UiPath in a research note on Wednesday, February 11th. Bank of America cut their price target on shares of UiPath from $14.00 to $12.00 and set an "underperform" rating for the company in a research note on Thursday, March 12th. Finally, Wells Fargo & Company decreased their price target on shares of UiPath from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.07.

UiPath Price Performance

Shares of NYSE:PATH opened at $10.71 on Wednesday. The company's fifty day moving average price is $10.94 and its 200-day moving average price is $13.51. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.77 and a beta of 0.91. UiPath, Inc. has a one year low of $9.28 and a one year high of $19.84.

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

UiPath 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.

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