Herald Investment Management Ltd increased its holdings in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 85.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,280 shares of the company's stock after purchasing an additional 74,280 shares during the quarter. Herald Investment Management Ltd's holdings in UiPath were worth $1,660,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in UiPath in the first quarter valued at $72,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of UiPath by 62.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 82,871 shares of the company's stock valued at $854,000 after purchasing an additional 32,013 shares during the period. Deutsche Bank AG raised its position in shares of UiPath by 3.8% in the first quarter. Deutsche Bank AG now owns 1,562,306 shares of the company's stock valued at $16,092,000 after purchasing an additional 56,721 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of UiPath by 6.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,995,632 shares of the company's stock valued at $30,855,000 after purchasing an additional 177,071 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of UiPath by 3.0% in the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company's stock valued at $495,029,000 after purchasing an additional 1,396,972 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on PATH. Barclays reaffirmed an "equal weight" rating on shares of UiPath in a research report on Friday, May 30th. Truist Financial raised their target price on shares of UiPath from $12.00 to $13.00 and gave the company a "hold" rating in a report on Friday, May 30th. Wall Street Zen lowered shares of UiPath from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Royal Bank Of Canada raised their target price on shares of UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Finally, BMO Capital Markets raised their target price on shares of UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $13.83.
View Our Latest Stock Analysis on UiPath
UiPath Price Performance
NYSE:PATH opened at $10.92 on Friday. The company has a market cap of $5.84 billion, a PE ratio of -90.95, a P/E/G ratio of 14.70 and a beta of 1.03. The firm's 50 day simple moving average is $12.50 and its 200 day simple moving average is $12.32. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93.
UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $356.62 million for the quarter, compared to the consensus estimate of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 EPS. Equities research analysts expect that UiPath, Inc. will post -0.17 EPS for the current year.
Insider Buying and Selling at UiPath
In other news, CEO Daniel Dines sold 9,988 shares of UiPath stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $12.00, for a total value of $119,856.00. Following the completion of the sale, the chief executive officer owned 4,598,388 shares in the company, valued at $55,180,656. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 831,310 shares of company stock valued at $10,428,922. Insiders own 23.19% of the company's stock.
UiPath Profile
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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.
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