Quantinno Capital Management LP Has $4.21 Million Stock Holdings in UiPath, Inc. $PATH

Quantinno Capital Management LP raised its stake in UiPath, Inc. (NYSE:PATH - Free Report) by 227.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 379,621 shares of the company's stock after purchasing an additional 263,517 shares during the period. Quantinno Capital Management LP owned 0.07% of UiPath worth $4,214,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SummitTX Capital L.P. bought a new position in shares of UiPath during the 1st quarter worth about $1,948,000. Gateway Wealth Partners LLC bought a new stake in UiPath in the 1st quarter valued at about $289,000. Lombard Odier Asset Management USA Corp bought a new stake in UiPath in the 1st quarter valued at about $142,000. Oak Associates Ltd. OH acquired a new position in UiPath during the 1st quarter worth approximately $616,000. Finally, Inceptionr LLC acquired a new position in UiPath during the 1st quarter worth approximately $526,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PATH shares. UBS Group cut their target price on UiPath from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Monday, June 29th. DA Davidson decreased their price target on shares of UiPath from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 29th. Wall Street Zen downgraded shares of UiPath from a "buy" rating to a "hold" rating in a report on Saturday, May 30th. BMO Capital Markets dropped their price objective on shares of UiPath from $14.00 to $13.00 and set a "market perform" rating on the stock in a research note on Monday, June 1st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of UiPath in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $13.80.

UiPath Price Performance

PATH opened at $15.04 on Friday. The company's 50-day moving average is $11.58 and its 200 day moving average is $11.46. UiPath, Inc. has a fifty-two week low of $9.20 and a fifty-two week high of $19.84. The firm has a market capitalization of $7.79 billion, a P/E ratio of 25.06, a PEG ratio of 1.68 and a beta of 0.96.

UiPath (NYSE:PATH - Get Free Report) last released its earnings results on Thursday, May 28th. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. The firm had revenue of $418.38 million for the quarter, compared to analysts' expectations of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. The company's quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts expect that UiPath, Inc. will post 0.4 earnings per share for the current year.

UiPath Company 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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