UiPath (NYSE:PATH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of UiPath (NYSE:PATH) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

Several other analysts have also issued reports on the stock. Needham & Company LLC raised shares of UiPath from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of UiPath from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. 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 research note on Thursday. Morgan Stanley raised shares of UiPath from an “equal weight” rating to a “positive” rating in a report on Friday. Finally, William Blair restated a “hold” rating on shares of UiPath in a research report on Thursday. Three research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.07.

UiPath Stock Performance

Shares of PATH opened at $11.58 on Friday. The business has a 50-day moving average of $12.88 and a 200 day moving average of $14.02. UiPath has a fifty-two week low of $9.38 and a fifty-two week high of $19.84. The firm has a market cap of $6.19 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.09.

UiPath (NYSE:PATH) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $481.11 million for the quarter, compared to the consensus estimate of $464.81 million. UiPath had a net margin of 17.53% and a return on equity of 5.69%. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, research analysts predict that UiPath will post -0.17 earnings per share for the current fiscal year.

Insider Activity at UiPath

In other UiPath news, CEO Daniel Dines sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $17.32, for a total value of $779,400.00. Following the sale, the chief executive officer directly owned 28,253,585 shares in the company, valued at $489,352,092.20. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashim Gupta sold 67,468 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 557,028 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders have sold 742,468 shares of company stock valued at $12,083,785. 23.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in UiPath during the fourth quarter valued at $25,000. HighMark Wealth Management LLC bought a new position in UiPath in the 4th quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in UiPath in the 4th quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of UiPath in the 2nd quarter valued at about $28,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of UiPath by 1,270.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,652 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

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.