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

UiPath, Inc. (NYSE:PATH) has earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.00.

PATH has been the topic of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of UiPath in a report on Thursday, December 4th. Morgan Stanley boosted their price objective on UiPath from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Tuesday, December 9th. Barclays lifted their price target on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Thursday, December 4th. Truist Financial set a $17.00 price objective on UiPath in a research note on Thursday, December 4th. Finally, UBS Group restated a “neutral” rating on shares of UiPath in a report on Thursday, December 4th.

UiPath Stock Performance

Shares of NYSE:PATH opened at $16.38 on Thursday. UiPath has a 52-week low of $9.38 and a 52-week high of $19.84. The company has a market capitalization of $8.76 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 5.04 and a beta of 1.10. The company has a fifty day moving average of $15.58 and a 200-day moving average of $13.60.

UiPath (NYSE:PATH) last issued its earnings results on Wednesday, December 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.73% and a net margin of 14.79%.The business had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $392.46 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that UiPath will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other UiPath news, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $16.55, for a total transaction of $744,750.00. Following the transaction, the chief executive officer owned 28,478,585 shares of the company’s stock, valued at $471,320,581.75. This trade represents a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 1,921,368 shares of company stock valued at $31,751,023. Company insiders own 23.19% of the company’s stock.

Institutional Trading of UiPath

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of UiPath by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 47,895,884 shares of the company’s stock worth $640,847,000 after acquiring an additional 2,251,434 shares during the period. TFG Asset Management GP Ltd lifted its stake in UiPath by 53.3% in the 2nd quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after purchasing an additional 4,772,244 shares in the last quarter. AQR Capital Management LLC boosted its holdings in UiPath by 76.0% in the 2nd quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock valued at $145,732,000 after purchasing an additional 4,926,341 shares during the period. Federated Hermes Inc. grew its position in shares of UiPath by 40.7% during the 2nd quarter. Federated Hermes Inc. now owns 8,048,321 shares of the company’s stock valued at $103,019,000 after purchasing an additional 2,328,225 shares in the last quarter. Finally, State Street Corp raised its stake in UiPath by 5.0% in the second quarter. State Street Corp now owns 8,032,345 shares of the company’s stock valued at $102,814,000 after purchasing an additional 378,851 shares in the last quarter. Hedge funds and other 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.