505,267 Shares in UiPath, Inc. $PATH Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama acquired a new stake in UiPath, Inc. (NYSE:PATH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 505,267 shares of the company’s stock, valued at approximately $8,281,000. Retirement Systems of Alabama owned about 0.09% of UiPath as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PATH. Noble Wealth Management PBC bought a new position in UiPath in the 4th quarter worth about $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of UiPath during the second quarter valued at approximately $28,000. CoreCap Advisors LLC raised its holdings in shares of UiPath by 92.3% during the fourth quarter. CoreCap Advisors LLC now owns 2,579 shares of the company’s stock valued at $42,000 after buying an additional 1,238 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of UiPath by 93.3% during the fourth quarter. GAMMA Investing LLC now owns 5,251 shares of the company’s stock worth $86,000 after buying an additional 2,534 shares during the period. Finally, Covestor Ltd boosted its position in shares of UiPath by 17.7% during the third quarter. Covestor Ltd now owns 6,522 shares of the company’s stock worth $87,000 after buying an additional 981 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group lowered their target price on UiPath from $17.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Zacks Research cut UiPath from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Wall Street Zen lowered UiPath from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 28th. Canaccord Genuity Group cut their price objective on shares of UiPath from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, Bank of America reduced their price objective on shares of UiPath from $14.00 to $12.00 and set an “underperform” rating for the company in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.07.

UiPath Price Performance

Shares of NYSE:PATH opened at $11.23 on Friday. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.84 and a beta of 1.03. UiPath, Inc. has a 12 month low of $9.38 and a 12 month high of $19.84. The stock’s 50 day moving average price is $11.71 and its 200 day moving average price is $14.01.

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

Insider Activity

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $15.73, for a total value of $707,850.00. Following the sale, the chief executive officer directly owned 28,343,585 shares in the company, valued at approximately $445,844,592.05. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $16.10, for a total transaction of $1,086,234.80. Following the completion of the sale, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at $8,968,150.80. The trade was a 10.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 382,468 shares of company stock valued at $6,150,535 in the last ninety days. Company insiders own 23.19% of the company’s stock.

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. 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.