Sei Investments Co. Has $2.37 Million Holdings in UiPath, Inc. $PATH

Key Points

• Sei Investments cut its UiPath stake by 46.4% in the first quarter, selling 184,292 shares and retaining 213,065 shares worth approximately $2.37 million.
• Other major institutions increased their positions, including State Street, AQR Capital Management, Morgan Stanley, and Geode Capital Management. Institutional investors collectively own 62.5% of UiPath.
• UiPath reported quarterly revenue of $418.38 million, up 17.3% year over year, and earnings of $0.15 per share. Analysts’ consensus rating remains “Hold”, with an average price target of $13.80.

Sei Investments Co. lessened its holdings in shares of UiPath, Inc. (NYSE:PATH - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,065 shares of the company's stock after selling 184,292 shares during the quarter. Sei Investments Co.'s holdings in UiPath were worth $2,365,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew 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 in the last quarter. State Street Corp lifted its position in UiPath by 66.4% in the 4th quarter. State Street Corp now owns 13,004,786 shares of the company's stock worth $213,148,000 after buying an additional 5,189,438 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of UiPath by 76.0% during the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company's stock valued at $145,732,000 after buying an additional 4,926,341 shares during the period. Morgan Stanley boosted 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 valued at $152,596,000 after buying an additional 3,262,930 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of UiPath by 25.6% during the 4th quarter. Geode Capital Management LLC now owns 7,499,989 shares of the company's stock valued at $122,951,000 after acquiring an additional 1,528,454 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price target on shares of UiPath in a research note on Friday, May 29th. Wall Street Zen cut UiPath from a "buy" rating to a "hold" rating in a research report on Saturday, May 30th. BMO Capital Markets lowered their target price on UiPath from $14.00 to $13.00 and set a "market perform" rating on the stock in a research note on Monday, June 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of UiPath in a research report on Friday, July 10th. Finally, Morgan Stanley cut their price target on UiPath from $17.00 to $15.00 and set an "equal weight" rating for the company in a research note on Friday, May 29th. Two 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.80.

UiPath Stock Up 7.4%

PATH stock opened at $15.04 on Friday. The firm has a 50 day moving average of $11.58 and a two-hundred day moving average of $11.46. UiPath, Inc. has a 12 month low of $9.20 and a 12 month high of $19.84. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.80 and a beta of 0.96.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly 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 business had revenue of $418.38 million for the quarter, compared to the consensus estimate of $397.54 million. UiPath had a net margin of 19.58% and a return on equity of 7.92%. UiPath's revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. On average, research analysts expect that UiPath, Inc. will post 0.4 EPS for the current fiscal 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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