Russell Investments Group Ltd. Has $1.03 Million Holdings in UiPath, Inc. $PATH

Key Points

• Russell Investments cut its UiPath stake by 50.4% in the second quarter, selling 96,476 shares and retaining 94,989 shares valued at approximately $1.03 million.
• Institutional ownership remains substantial at 62.5%, with Vanguard, State Street, AQR Capital, Bank of America, and Morgan Stanley among major holders that recently increased their positions.
• UiPath reported quarterly revenue of $418.4 million, up 17.3% year over year, while meeting the $0.15 EPS consensus. Despite the growth, analysts maintain a consensus “Hold” rating with an average price target of $13.87.

Russell Investments Group Ltd. decreased its position in UiPath, Inc. (NYSE:PATH - Free Report) by 50.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,989 shares of the company's stock after selling 96,476 shares during the quarter. Russell Investments Group Ltd.'s holdings in UiPath were worth $1,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in UiPath by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 49,114,941 shares of the company's stock valued at $804,994,000 after purchasing an additional 1,219,057 shares during the last quarter. State Street Corp raised its position in UiPath by 66.4% during the fourth quarter. State Street Corp now owns 13,004,786 shares of the company's stock worth $213,148,000 after acquiring an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC lifted its stake in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock valued at $145,732,000 after acquiring an additional 4,926,341 shares during the last quarter. Bank of America Corp DE grew its position in shares of UiPath by 13.2% in the 1st quarter. Bank of America Corp DE now owns 10,046,699 shares of the company's stock valued at $111,518,000 after acquiring an additional 1,170,285 shares during the period. Finally, Morgan Stanley increased its stake in shares of UiPath by 54.0% during the 4th quarter. Morgan Stanley now owns 9,310,304 shares of the company's stock worth $152,596,000 after purchasing an additional 3,262,930 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

UiPath Trading Down 3.9%

Shares of NYSE PATH opened at $16.03 on Friday. The firm has a market cap of $8.31 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The business's 50 day moving average is $11.97 and its 200-day moving average is $11.50. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson cut their target price 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. UBS Group cut their price objective on UiPath from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Monday, June 29th. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of UiPath in a report on Friday, May 29th. Bank of America lifted their price objective on shares of UiPath from $12.00 to $13.00 and gave the stock an "underperform" rating in a research report on Friday, May 29th. Finally, Wall Street Zen lowered shares of UiPath from a "buy" rating to a "hold" rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, UiPath has a consensus rating of "Hold" and an average price target of $13.87.

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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