UiPath Inc. (NASDAQ:PATH) Shares Bought by Comerica Bank

Comerica Bank grew its position in shares of UiPath Inc. (NASDAQ:PATHGet Rating) by 45.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,780 shares of the healthcare company’s stock after purchasing an additional 4,942 shares during the period. Comerica Bank’s holdings in UiPath were worth $302,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sterling Investment Advisors Ltd. purchased a new position in shares of UiPath during the 4th quarter worth about $30,000. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of UiPath during the 4th quarter worth about $30,000. Benjamin Edwards Inc. lifted its holdings in shares of UiPath by 65.4% during the 4th quarter. Benjamin Edwards Inc. now owns 708 shares of the healthcare company’s stock worth $31,000 after acquiring an additional 280 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in shares of UiPath during the 4th quarter worth about $40,000. Finally, Orion Capital Management LLC purchased a new position in shares of UiPath during the 4th quarter worth about $43,000. 52.19% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Price Performance

UiPath stock opened at $18.33 on Monday. The company has a market cap of $9.98 billion, a PE ratio of -23.81 and a beta of -0.16. The company has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $24.40. UiPath Inc. has a 12 month low of $13.66 and a 12 month high of $66.07.

UiPath (NASDAQ:PATHGet Rating) last released its quarterly earnings data on Wednesday, June 1st. The healthcare company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.07). The business had revenue of $245.07 million during the quarter, compared to analyst estimates of $225.37 million. UiPath had a negative return on equity of 18.47% and a negative net margin of 42.95%. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.81) EPS. Equities research analysts anticipate that UiPath Inc. will post -0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PATH. Canaccord Genuity Group reiterated a “buy” rating and set a $25.00 price objective on shares of UiPath in a report on Thursday, July 7th. KeyCorp cut their price target on shares of UiPath from $34.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Oppenheimer cut their price target on shares of UiPath from $35.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, June 2nd. Barclays cut their price target on shares of UiPath from $36.00 to $25.00 in a report on Friday, May 20th. Finally, Credit Suisse Group cut their price target on shares of UiPath from $57.50 to $45.00 in a report on Thursday, June 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.06.

Insider Buying and Selling at UiPath

In other UiPath news, Director Kimberly Hammonds sold 2,521 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $18.70, for a total value of $47,142.70. Following the sale, the director now directly owns 100,662 shares in the company, valued at $1,882,379.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.88% of the stock is currently owned by company insiders.

UiPath Company Profile

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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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.

Further Reading

Institutional Ownership by Quarter for UiPath (NASDAQ:PATH)

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