UiPath Inc. (NYSE:PATH) Receives $13.62 Consensus Target Price from Analysts

UiPath Inc. (NYSE:PATH) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.62.

Several brokerages have recently commented on PATH. Evercore ISI cut their price objective on UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a research note on Thursday, March 13th. Scotiabank dropped their price target on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of UiPath in a report on Wednesday. BMO Capital Markets dropped their target price on shares of UiPath from $16.00 to $11.50 and set a “market perform” rating on the stock in a report on Friday, March 14th. Finally, Wells Fargo & Company decreased their price target on shares of UiPath from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th.

Insiders Place Their Bets

In related news, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now owns 269,421 shares of the company’s stock, valued at $3,515,944.05. This trade represents a 8.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashim Gupta sold 47,227 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total transaction of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This 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 hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its stake in shares of UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock worth $31,000 after acquiring an additional 1,152 shares in the last quarter. First Horizon Advisors Inc. grew its position in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after purchasing an additional 804 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in UiPath by 141.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after buying an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC increased its stake in UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after buying an additional 759 shares during the last quarter. Finally, Quarry LP lifted its position in UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

UiPath Trading Down 3.2 %

Shares of NYSE PATH opened at $10.87 on Tuesday. The business has a 50-day moving average price of $12.94 and a two-hundred day moving average price of $13.04. UiPath has a one year low of $9.50 and a one year high of $23.04. The firm has a market capitalization of $5.97 billion, a PE ratio of -67.91 and a beta of 1.00.

About UiPath

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.