Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in UiPath, Inc. (NYSE:PATH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in UiPath, Inc., purchasing 159,143 shares valued at approximately $1.64 million during the first quarter.
• UiPath's recent quarterly earnings showed a revenue of $356.62 million, exceeding analyst estimates, with earnings per share reported at $0.11, slightly above the consensus estimate.
• Institutional investors now hold 62.50% of UiPath's stock, indicating a strong interest from major financial entities in the company's performance.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UiPath, Inc. (NYSE:PATH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 159,143 shares of the company's stock, valued at approximately $1,639,000.

A number of other institutional investors have also made changes to their positions in PATH. Thrivent Financial for Lutherans raised its stake in shares of UiPath by 72.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 35,970 shares of the company's stock valued at $457,000 after acquiring an additional 15,089 shares in the last quarter. American Century Companies Inc. raised its stake in shares of UiPath by 103.7% in the 4th quarter. American Century Companies Inc. now owns 153,191 shares of the company's stock valued at $1,947,000 after acquiring an additional 77,983 shares in the last quarter. Sei Investments Co. raised its stake in shares of UiPath by 131.9% in the 4th quarter. Sei Investments Co. now owns 234,884 shares of the company's stock valued at $2,985,000 after acquiring an additional 133,616 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of UiPath by 859.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,858 shares of the company's stock valued at $675,000 after acquiring an additional 45,558 shares in the last quarter. Finally, Norges Bank bought a new position in shares of UiPath in the 4th quarter valued at approximately $71,191,000. 62.50% of the stock is owned by institutional investors.

UiPath Trading Down 2.0%

Shares of NYSE:PATH opened at $11.77 on Friday. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $15.93. The firm has a market capitalization of $6.29 billion, a PE ratio of -98.03, a PEG ratio of 15.73 and a beta of 1.04. The business's 50 day moving average is $12.65 and its 200-day moving average is $12.39.

UiPath (NYSE:PATH - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The company had revenue of $356.62 million for the quarter, compared to analyst estimates of $332.17 million. During the same quarter last year, the firm earned $0.13 EPS. UiPath's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts predict that UiPath, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson raised UiPath to a "hold" rating in a research note on Tuesday, July 22nd. BMO Capital Markets raised their target price on UiPath from $11.50 to $15.50 and gave the company a "market perform" rating in a report on Friday, May 30th. Royal Bank Of Canada raised their target price on UiPath from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, May 30th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of UiPath in a report on Friday, May 30th. Finally, Canaccord Genuity Group set a $16.00 target price on UiPath and gave the company a "buy" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $13.83.

Insider Buying and Selling at UiPath

In related news, CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $12.06, for a total value of $542,700.00. Following the sale, the chief executive officer owned 4,608,376 shares of the company's stock, valued at $55,577,014.56. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 821,322 shares of company stock worth $10,309,066. 23.19% of the stock is currently owned by company insiders.

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.

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