The Vanguard Group, Inc. recently announced the acquisition of new stake in UiPath Inc (NYSE:PATH). The institutional investor has increased its shareholding in the Technology company by 7.69% to 36.94 million shares with purchase of 2.64 million shares. This fresh investment now brings its stake to 7.64% valued currently at $917.6 million. In addition, BlackRock Fund Advisors raised its holdings by 0.94 million to 17.36 million shares. And Fidelity Management & Research Co has lifted its position by 2.93% or 0.46 million shares – to 16.24 million shares.
Currently, there are 474.16M common shares owned by the public and among those 419.63M shares have been available to trade.
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Insiders at the company have transacted a total of 140 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 2,553,969 shares. Insider sales of the common stock occurred on 124 occasions, with total insider shares sold totaling 30,931,994 shares.
The top 3 mutual fund holders in UiPath Inc are ARK Innovation ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. ARK Innovation ETF owns 26.2 million shares of the company’s stock, all valued at over $650.9 million. The company sold -0.12 million shares recently to bring their total holdings to about 5.42% of the shares outstanding. Vanguard Total Stock Market ETF bought 0.17 million shares to see its total holdings expand to 11.45 million shares valued at over $284.32 million and representing 2.37% of the shares outstanding. Vanguard Small Cap Index Fund sold 52088.0 shares to bring its total holdings to over 9.25 million shares at a value of $229.76 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.91% of the shares outstanding.
However, the script later moved the day high at 23.97, up 5.67%. The company’s stock has a 5-day price change of 5.95% and 46.45% over the past three months. PATH shares are trading -5.43% year to date (YTD), with the 12-month market performance up to 73.23% higher. It has a 12-month low price of $12.38 and touched a high of $26.52 over the same period. PATH has an average intraday trading volume of 9.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.13%, 6.59%, and 32.42% respectively.
Institutional ownership of UiPath Inc (NYSE: PATH) shares accounts for 54.39% of the company’s 474.16M shares outstanding. Mutual fund holders own 28.94%, while other institutional holders and individual stakeholders account for 35.21% and 11.97% respectively.
It has a market capitalization of $13.30B and a beta (3y monthly) value of 0.96. The earnings-per-share (ttm) stands at -$0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.64% over the week and 3.24% over the month.
Analysts forecast that UiPath Inc (PATH) will achieve an EPS of $0.16 for the current quarter, $0.11 for the next quarter and $0.53 for 2025. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 239.06%, and 11.02% over the next financial year. EPS should grow at an annualized rate of 46.20% over the next five years, compared to -4.42% over the past 5-year period.
