UiPath, Inc. (NYSE:PATH) Receives Consensus Recommendation of “Hold” from Brokerages

UiPath, Inc. (NYSE:PATH) has been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $15.7692.

PATH has been the topic of a number of recent research reports. UBS Group reissued a “neutral” rating on shares of UiPath in a research report on Thursday, December 4th. Royal Bank Of Canada set a $14.00 price target on shares of UiPath in a research note on Wednesday, February 11th. BMO Capital Markets boosted their price objective on shares of UiPath from $13.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, December 4th. Morgan Stanley upped their price objective on shares of UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 9th. Finally, Truist Financial set a $17.00 target price on UiPath in a research note on Thursday, December 4th.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was 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 owned 557,028 shares in the company, valued at $8,968,150.80. This trade represents a 10.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $16.38, for a total value of $737,100.00. Following the sale, the chief executive officer owned 28,433,585 shares in the company, valued at $465,742,122.30. This represents a 0.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 877,468 shares of company stock valued at $14,505,685 in the last three months. 23.19% of the stock is currently owned by company insiders.

Institutional Trading of UiPath

A number of hedge funds have recently made changes to their positions in PATH. Royal Bank of Canada boosted its stake in UiPath by 8.4% during the 1st quarter. Royal Bank of Canada now owns 140,774 shares of the company’s stock valued at $1,450,000 after acquiring an additional 10,872 shares during the last quarter. Woodline Partners LP increased its position in shares of UiPath by 69.6% in the 1st quarter. Woodline Partners LP now owns 22,566 shares of the company’s stock worth $232,000 after purchasing an additional 9,257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of UiPath by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,477,730 shares of the company’s stock worth $15,221,000 after purchasing an additional 75,737 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of UiPath in the 2nd quarter valued at about $169,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of UiPath in the 2nd quarter valued at about $506,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

UiPath Stock Up 0.9%

NYSE PATH opened at $11.97 on Tuesday. UiPath has a fifty-two week low of $9.38 and a fifty-two week high of $19.84. The business has a 50 day moving average price of $13.34 and a two-hundred day moving average price of $14.00. The stock has a market cap of $6.40 billion, a PE ratio of 28.50, a P/E/G ratio of 1.62 and a beta of 1.09.

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.