UiPath Inc. (NYSE:PATH) Receives $17.47 Consensus Price Target from Analysts

Shares of UiPath Inc. (NYSE:PATH) have been given an average rating of “Hold” by the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Sixteen analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $17.47.

PATH has been the subject of a number of research reports. Bank of America boosted their target price on shares of UiPath from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Morgan Stanley reissued an “equal weight” rating and set a $15.00 target price on shares of UiPath in a research note on Friday, September 6th. Wells Fargo & Company dropped their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of UiPath from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, TD Cowen dropped their price objective on shares of UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 6th.

Insider Transactions at UiPath

In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.07, for a total transaction of $575,388.97. Following the sale, the chief financial officer now directly owns 849,917 shares in the company, valued at $10,258,498.19. This represents a 5.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.37% of the company’s stock.

Institutional Investors Weigh In On UiPath

Hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in shares of UiPath in the 3rd quarter valued at approximately $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of UiPath in the 3rd quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new stake in shares of UiPath in the 2nd quarter valued at approximately $28,000. Quarry LP increased its position in shares of UiPath by 654.4% in the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the last quarter. Finally, Redwood Wealth Management Group LLC purchased a new stake in shares of UiPath in the 2nd quarter valued at approximately $43,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Stock Performance

PATH opened at $14.25 on Wednesday. UiPath has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The company has a fifty day moving average of $12.71 and a two-hundred day moving average of $13.21. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of -71.25 and a beta of 0.87.

UiPath (NYSE:PATH) last released its earnings results on Thursday, September 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $316.00 million during the quarter, compared to analysts’ expectations of $303.69 million. UiPath had a negative net margin of 8.13% and a negative return on equity of 3.98%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) earnings per share. On average, equities research analysts forecast that UiPath will post -0.23 earnings per share for the current year.

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.