UiPath Inc. (NYSE:PATH) Receives $17.50 Average Target Price from Brokerages

UiPath Inc. (NYSE:PATH) has been given an average rating of “Hold” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.44.

PATH has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of UiPath from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. UBS Group started coverage on UiPath in a research report on Thursday, December 12th. They set a “sell” rating and a $14.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th.

UiPath Stock Down 3.4 %

PATH stock opened at $12.97 on Thursday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of -81.06 and a beta of 0.96. UiPath has a fifty-two week low of $10.37 and a fifty-two week high of $27.87. The business has a 50 day moving average price of $13.56 and a 200 day moving average price of $12.77.

Insiders Place Their Bets

In other UiPath news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total value of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the sale, the chief financial officer now owns 856,538 shares in the company, valued at $11,186,386.28. The trade was a 5.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PATH. Ontario Teachers Pension Plan Board lifted its position in shares of UiPath by 136.0% during the third quarter. Ontario Teachers Pension Plan Board now owns 108,725 shares of the company’s stock worth $1,392,000 after purchasing an additional 62,650 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of UiPath by 60.1% during the third quarter. D.A. Davidson & CO. now owns 557,667 shares of the company’s stock worth $7,138,000 after purchasing an additional 209,300 shares during the period. Stifel Financial Corp lifted its stake in UiPath by 30.1% in the third quarter. Stifel Financial Corp now owns 323,818 shares of the company’s stock valued at $4,145,000 after buying an additional 74,959 shares during the period. Senvest Management LLC boosted its holdings in UiPath by 16.7% during the third quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock worth $139,449,000 after buying an additional 1,559,500 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of UiPath by 667.7% during the 3rd quarter. Quantbot Technologies LP now owns 101,718 shares of the company’s stock worth $1,302,000 after buying an additional 88,468 shares during the period. 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.