Vanguard Group Inc. Has $495.03 Million Position in UiPath, Inc. $PATH

Key Points

• Vanguard Group Inc. increased its stake in UiPath, Inc. by 3.0% during the first quarter, now owning approximately 8.71% of the company valued at $495 million.
• UiPath's recent quarterly earnings report showed a positive Earnings Per Share (EPS) of $0.11, surpassing the consensus estimate of $0.10, with revenue up 6.4% from the previous year.
• BMO Capital Markets raised their target price for UiPath from $11.50 to $15.50, reflecting a more favorable outlook on the stock's performance.

Vanguard Group Inc. lifted its stake in UiPath, Inc. (NYSE:PATH - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,061,096 shares of the company's stock after buying an additional 1,396,972 shares during the period. Vanguard Group Inc. owned about 8.71% of UiPath worth $495,029,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia acquired a new stake in UiPath in the 1st quarter valued at $3,907,000. Clear Creek Financial Management LLC bought a new position in shares of UiPath during the first quarter valued at $266,000. Invesco Ltd. boosted its stake in shares of UiPath by 10.5% in the 4th quarter. Invesco Ltd. now owns 382,800 shares of the company's stock valued at $4,865,000 after purchasing an additional 36,332 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of UiPath in the 1st quarter worth about $241,000. Finally, Pallas Capital Advisors LLC increased its holdings in shares of UiPath by 32.2% during the first quarter. Pallas Capital Advisors LLC now owns 84,776 shares of the company's stock worth $873,000 after buying an additional 20,667 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UiPath

In other UiPath news, CFO Ashim Gupta sold 56,322 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total value of $716,415.84. Following the completion of the sale, the chief financial officer owned 859,991 shares in the company, valued at $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Daniel Dines sold 45,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total transaction of $559,350.00. Following the transaction, the chief executive officer owned 5,058,376 shares in the company, valued at $62,875,613.68. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,310 shares of company stock valued at $10,428,922 over the last three months. 23.19% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on PATH shares. Canaccord Genuity Group set a $16.00 price objective on shares of UiPath and gave the stock a "buy" rating in a report on Monday, June 2nd. DA Davidson upgraded shares of UiPath to a "hold" rating in a research report on Tuesday, July 22nd. Evercore ISI upped their price objective on UiPath from $11.00 to $15.00 and gave the company an "in-line" rating in a report on Friday, May 30th. Morgan Stanley lifted their target price on UiPath from $12.00 to $15.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Finally, Wall Street Zen downgraded UiPath from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, UiPath has a consensus rating of "Hold" and an average price target of $13.83.

UiPath Stock Down 1.7%

PATH traded down $0.19 during trading hours on Tuesday, hitting $10.99. 1,615,354 shares of the company's stock were exchanged, compared to its average volume of 11,679,762. UiPath, Inc. has a 1-year low of $9.38 and a 1-year high of $15.93. The stock's 50-day moving average is $12.18 and its two-hundred day moving average is $12.14. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of -91.95, a PEG ratio of 14.36 and a beta of 1.03.

UiPath (NYSE:PATH - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analysts' expectations of $332.17 million. UiPath had a negative return on equity of 3.05% and a negative net margin of 4.65%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. On average, equities research analysts anticipate that UiPath, Inc. will post -0.17 EPS for the current 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.