M&T Bank Corp Raises Stake in UiPath, Inc. $PATH

Key Points

• M&T Bank Corp boosted its stake in UiPath by 885.5% in Q4, buying an additional 134,838 shares to hold 150,065 shares valued at about $2.46 million.
• UiPath beat Q4 expectations with EPS of $0.30 (vs. $0.25 est.) and revenue of $481.11M (vs. $464.81M), with revenue up 13.4% year‑over‑year.
• Shares trade around $10.47 with a market cap of $5.48B, and analysts' consensus is a Hold with an average price target of $14.07.

M&T Bank Corp boosted its position in UiPath, Inc. (NYSE:PATH - Free Report) by 885.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,065 shares of the company's stock after buying an additional 134,838 shares during the period. M&T Bank Corp's holdings in UiPath were worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in UiPath by 15.1% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 215,753 shares of the company's stock valued at $3,573,000 after buying an additional 28,253 shares during the last quarter. Prakash Investment Advisors LLC purchased a new stake in UiPath in the fourth quarter valued at approximately $272,000. Waterfront Wealth Inc. boosted its position in UiPath by 89.2% in the fourth quarter. Waterfront Wealth Inc. now owns 38,544 shares of the company's stock valued at $577,000 after buying an additional 18,174 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in UiPath by 1,270.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company's stock valued at $29,000 after buying an additional 1,652 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in UiPath by 6.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 152,267 shares of the company's stock valued at $2,496,000 after buying an additional 9,636 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

UiPath Price Performance

Shares of PATH stock opened at $10.47 on Tuesday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.70 and a beta of 1.03. The stock has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $13.69. UiPath, Inc. has a 1-year low of $9.28 and a 1-year high of $19.84.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen lowered UiPath from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 28th. Weiss Ratings restated a "hold (c)" rating on shares of UiPath in a research report on Friday, March 27th. Bank of America lowered their price objective on UiPath from $14.00 to $12.00 and set an "underperform" rating on the stock in a research report on Thursday, March 12th. UBS Group lowered their price objective 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, Barclays upped their price objective on UiPath from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Monday, January 12th. Three research 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, UiPath presently has an average rating of "Hold" and an average 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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