UiPath Inc. (NYSE:PATH) Receives $17.44 Average Price Target from Analysts

UiPath Inc. (NYSE:PATH) has received an average rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.44.

A number of research analysts have commented on the company. BMO Capital Markets increased their price objective on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. UBS Group started coverage on UiPath in a research report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. Royal Bank of Canada restated a “sector perform” rating and set a $16.00 target price on shares of UiPath in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on shares of UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Morgan Stanley increased their price objective on shares of UiPath from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Friday, December 6th.

UiPath Trading Up 3.0 %

Shares of PATH stock opened at $14.87 on Monday. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of -92.91 and a beta of 0.98. The firm’s 50 day moving average is $13.76 and its 200-day moving average is $12.93. UiPath has a 1 year low of $10.37 and a 1 year high of $27.87.

Insider Activity

In related news, CAO Hitesh Ramani sold 25,000 shares of the firm’s 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 transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. This trade represents a 8.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction that occurred on 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 in the company, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On UiPath

A number of institutional investors have recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new stake in shares of UiPath in the 3rd quarter valued at $26,000. JTC Employer Solutions Trustee Ltd bought a new stake in UiPath during the third quarter valued at $26,000. Smartleaf Asset Management LLC grew its holdings in 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 during the period. First Horizon Advisors Inc. grew its holdings in UiPath by 47.8% during the 4th quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock worth $32,000 after acquiring an additional 804 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of UiPath by 33.4% in the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after acquiring an additional 759 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.