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

UiPath (NYSE:PATH) had its price target decreased by investment analysts at Barclays from $16.00 to $15.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 15.65% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of UiPath from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets boosted their price target on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” 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 on the stock in a research report on Wednesday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research report on Thursday, December 19th. Finally, Morgan Stanley boosted their price target on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.44.

UiPath Trading Down 3.4 %

PATH stock opened at $12.97 on Friday. The firm’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $12.77. UiPath has a 12-month low of $10.37 and a 12-month high of $27.87. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of -81.06 and a beta of 0.96.

Insider Transactions at UiPath

In other news, 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 completion of the transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. The trade was a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the company’s 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 sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at approximately $3,515,944.05. This represents a 8.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.37% of the company’s stock.

Institutional Trading of UiPath

Hedge funds and other institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of UiPath in the third quarter worth $26,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of UiPath in the third quarter worth $26,000. Quarry LP boosted its position in shares of UiPath by 654.4% during the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after acquiring an additional 2,729 shares during the last quarter. Redwood Wealth Management Group LLC bought a new position in shares of UiPath during the second quarter worth $43,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of UiPath by 124.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,098 shares of the company’s stock worth $52,000 after acquiring an additional 2,274 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.