UiPath’s (PATH) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of UiPath (NYSE:PATH) in a research report released on Thursday morning,Benzinga reports.

A number of other research analysts also recently commented on PATH. TD Cowen lowered their price objective on UiPath from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Evercore ISI upped their price target on shares of UiPath from $13.00 to $16.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $16.00 price objective on shares of UiPath in a research report on Friday, December 6th. BMO Capital Markets upped their target price on shares of UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Barclays lifted their price target on UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.

UiPath Stock Up 4.0 %

Shares of PATH stock opened at $13.25 on Thursday. The company has a market cap of $7.28 billion, a P/E ratio of -82.81 and a beta of 0.94. The business has a 50 day moving average of $13.42 and a two-hundred day moving average of $12.62. UiPath has a 52 week low of $10.37 and a 52 week high of $27.87.

Institutional Trading of UiPath

Several hedge funds and other institutional investors have recently modified their holdings of the business. Senvest Management LLC raised its position in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after buying an additional 1,559,500 shares during the period. Geode Capital Management LLC grew its stake in UiPath by 7.2% during the 3rd quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after acquiring an additional 493,502 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of UiPath in the 2nd quarter valued at about $69,180,000. Jacobs Levy Equity Management Inc. lifted its position in shares of UiPath by 554.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after purchasing an additional 3,411,562 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in UiPath by 11.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,890,360 shares of the company’s stock valued at $36,997,000 after purchasing an additional 291,171 shares in the last quarter. Institutional investors and hedge funds 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.