Universal Beteiligungs und Servicegesellschaft mbH Invests $1.64 Million 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 purchased a new position in shares of UiPath, Inc. (NYSE:PATH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 159,143 shares of the company's stock, valued at approximately $1,639,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PATH. Senvest Management LLC raised its position in shares of UiPath by 29.2% in 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 stake in shares of UiPath by 45.3% in the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company's stock worth $84,209,000 after acquiring an additional 2,072,089 shares during the last quarter. Norges Bank acquired a new stake in shares of UiPath in the fourth quarter worth $71,191,000. Jacobs Levy Equity Management Inc. grew its stake in shares of UiPath by 35.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 5,459,071 shares of the company's stock worth $69,385,000 after acquiring an additional 1,432,569 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of UiPath by 8.2% in the fourth quarter. Two Sigma Investments LP now owns 5,276,248 shares of the company's stock worth $67,061,000 after acquiring an additional 400,726 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PATH shares. BMO Capital Markets raised their price objective on shares of UiPath from $11.50 to $15.50 and gave the stock a "market perform" rating in a research note on Friday, May 30th. Wall Street Zen downgraded shares of UiPath from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Wells Fargo & Company reiterated an "equal weight" rating on shares of UiPath in a research note on Friday, May 30th. Scotiabank lifted their price target on shares of UiPath from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Friday, May 30th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of UiPath in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.83.

Insiders Place Their Bets

In other UiPath news, CEO Daniel Dines sold 9,988 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $12.00, for a total transaction of $119,856.00. Following the completion of the sale, the chief executive officer directly owned 4,598,388 shares of the company's stock, valued at approximately $55,180,656. The trade was a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 831,310 shares of company stock worth $10,428,922. Insiders own 23.19% of the company's stock.

UiPath Trading Down 1.0%

Shares of UiPath stock traded down $0.12 during trading on Tuesday, reaching $11.23. The company's stock had a trading volume of 4,525,498 shares, compared to its average volume of 11,792,407. The stock has a 50-day moving average price of $12.61 and a two-hundred day moving average price of $12.35. UiPath, Inc. has a one year low of $9.38 and a one year high of $15.93. The stock has a market capitalization of $6.01 billion, a P/E ratio of -93.53, a price-to-earnings-growth ratio of 14.55 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $356.62 million during the quarter, compared to analysts' expectations of $332.17 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that UiPath, Inc. will post -0.17 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.