UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in UiPath Inc. (NYSE:PATH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in UiPath Inc. (NYSE:PATH - Free Report) by 39.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,401,993 shares of the company's stock after acquiring an additional 397,121 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of UiPath worth $17,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PATH. Norges Bank bought a new position in UiPath during the fourth quarter valued at $71,191,000. Senvest Management LLC grew its holdings in UiPath by 29.2% during the fourth quarter. Senvest Management LLC now owns 14,074,783 shares of the company's stock valued at $178,890,000 after purchasing an additional 3,180,300 shares during the period. AQR Capital Management LLC grew its holdings in UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock valued at $84,209,000 after purchasing an additional 2,072,089 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in UiPath by 35.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,459,071 shares of the company's stock valued at $69,385,000 after purchasing an additional 1,432,569 shares during the period. Finally, Marshall Wace LLP grew its holdings in UiPath by 111.8% during the fourth quarter. Marshall Wace LLP now owns 2,456,102 shares of the company's stock valued at $31,217,000 after purchasing an additional 1,296,382 shares during the period. 62.50% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Ashim Gupta sold 98,795 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $12.01, for a total transaction of $1,186,527.95. Following the transaction, the chief financial officer now owns 987,322 shares in the company, valued at $11,857,737.22. The trade was a 9.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Hitesh Ramani sold 12,500 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $10.19, for a total value of $127,375.00. Following the transaction, the chief accounting officer now owns 314,891 shares in the company, valued at approximately $3,208,739.29. This represents a 3.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 23.19% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canaccord Genuity Group reduced their price objective on UiPath from $19.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, March 13th. BMO Capital Markets increased their target price on UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a research report on Friday. Barclays restated an "equal weight" rating on shares of UiPath in a research report on Friday. Morgan Stanley lowered their price objective on UiPath from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research report on Friday. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.41.

UiPath Price Performance

NYSE PATH traded up $0.34 during trading hours on Friday, reaching $13.28. 47,371,291 shares of the stock traded hands, compared to its average volume of 10,778,347. The stock has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $12.69. UiPath Inc. has a 1 year low of $9.38 and a 1 year high of $15.93. The company has a market cap of $7.32 billion, a price-to-earnings ratio of -83.00 and a beta of 1.01.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. UiPath had a negative return on equity of 4.14% and a negative net margin of 6.49%. The business had revenue of $356.62 million for the quarter, compared to the consensus estimate of $332.17 million. During the same quarter last year, the business posted $0.13 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that UiPath Inc. will post -0.17 EPS for the current fiscal year.

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.