Azzad Asset Management Inc. ADV Invests $823,000 in UiPath, Inc. $PATH

Azzad Asset Management Inc. ADV acquired a new position in UiPath, Inc. (NYSE:PATH) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 50,227 shares of the company’s stock, valued at approximately $823,000.

A number of other hedge funds have also recently made changes to their positions in the business. Green Alpha Advisors LLC increased its holdings in UiPath by 3.4% during the 4th quarter. Green Alpha Advisors LLC now owns 29,519 shares of the company’s stock worth $484,000 after purchasing an additional 973 shares during the period. Covestor Ltd increased its holdings in UiPath by 17.7% during the 3rd quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after purchasing an additional 981 shares during the period. Wealthfront Advisers LLC increased its holdings in UiPath by 3.6% during the 3rd quarter. Wealthfront Advisers LLC now owns 32,886 shares of the company’s stock worth $440,000 after purchasing an additional 1,149 shares during the period. CoreCap Advisors LLC increased its holdings in UiPath by 92.3% during the 4th quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock worth $42,000 after purchasing an additional 1,238 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its holdings in UiPath by 16.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 10,053 shares of the company’s stock worth $135,000 after purchasing an additional 1,419 shares during the period. Institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling at UiPath

In other news, CEO Daniel Dines sold 45,000 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $15.01, for a total value of $675,450.00. Following the completion of the sale, the chief executive officer owned 27,893,585 shares of the company’s stock, valued at $418,682,710.85. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 225,000 shares of company stock valued at $3,577,050. 23.19% of the stock is owned by company insiders.

UiPath Price Performance

UiPath stock opened at $10.39 on Thursday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.84 and a beta of 1.03. UiPath, Inc. has a 1-year low of $9.47 and a 1-year high of $19.84. The business has a fifty day moving average price of $11.49 and a 200-day moving average price of $13.99.

UiPath (NYSE:PATH) last posted its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $481.11 million during the quarter, compared to analysts’ expectations of $464.81 million. UiPath had a return on equity of 5.69% and a net margin of 17.53%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, equities research analysts anticipate that UiPath, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PATH shares. Wells Fargo & Company cut their price target on UiPath from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, March 12th. Canaccord Genuity Group cut their price target on UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of UiPath in a report on Friday, March 27th. UBS Group cut their price target on UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Finally, William Blair reiterated a “hold” rating on shares of UiPath in a report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.07.

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.