UBS Group Issues Pessimistic Forecast for UiPath (NYSE:PATH) Stock Price

UiPath (NYSE:PATH) had its price target reduced by equities research analysts at UBS Group from $14.00 to $10.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s target price indicates a potential downside of 7.78% from the company’s previous close.

Several other research firms have also weighed in on PATH. JPMorgan Chase & Co. boosted their price objective on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Thursday. Scotiabank reduced their price objective on UiPath from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Thursday. Morgan Stanley reduced their price target on shares of UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets upped their price objective 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. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.53.

UiPath Stock Performance

Shares of PATH opened at $10.84 on Thursday. The firm’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.15. UiPath has a twelve month low of $9.50 and a twelve month high of $23.97. The firm has a market cap of $5.96 billion, a P/E ratio of -67.78 and a beta of 1.00.

Insider Transactions at UiPath

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

Institutional Trading of UiPath

Several large investors have recently bought and sold shares of PATH. CIBC Asset Management Inc grew its position in shares of UiPath by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 14,741 shares of the company’s stock valued at $187,000 after purchasing an additional 736 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of UiPath by 33.4% during the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after purchasing an additional 759 shares in the last quarter. Tidal Investments LLC boosted its holdings in UiPath by 3.7% in the 4th quarter. Tidal Investments LLC now owns 22,487 shares of the company’s stock worth $286,000 after acquiring an additional 797 shares during the period. True Wealth Design LLC increased its stake in UiPath by 18.4% during the 4th quarter. True Wealth Design LLC now owns 5,163 shares of the company’s stock worth $66,000 after buying an additional 801 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of UiPath by 47.8% during the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after buying an additional 804 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.