UiPath Inc. (NYSE:PATH) Receives Average Rating of “Hold” from Analysts

UiPath Inc. (NYSE:PATH) has been given an average rating of “Hold” by the nineteen research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.44.

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of UiPath in a research report on Wednesday, January 15th. BMO Capital Markets boosted their price target on UiPath from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Barclays lowered their price objective on shares of UiPath from $16.00 to $15.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. UBS Group began coverage on shares of UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $16.00 target price on shares of UiPath in a report on Friday, December 6th.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer now directly owns 269,421 shares in the company, valued at $3,515,944.05. This trade 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PATH. Norges Bank purchased a new position in UiPath during the 4th quarter valued at about $71,191,000. Jacobs Levy Equity Management Inc. raised its holdings in UiPath by 554.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,026,502 shares of the company’s stock worth $51,539,000 after purchasing an additional 3,411,562 shares during the period. Senvest Management LLC increased its holdings in UiPath by 29.2% in the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock worth $178,890,000 after acquiring an additional 3,180,300 shares in the last quarter. AQR Capital Management LLC boosted its holdings in UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock worth $84,209,000 after buying an additional 2,072,089 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new position in UiPath in the 3rd quarter worth approximately $19,071,000. Institutional investors own 62.50% of the company’s stock.

UiPath Trading Down 3.4 %

Shares of PATH stock opened at $12.30 on Friday. The stock has a 50 day simple moving average of $13.65 and a 200 day simple moving average of $13.17. UiPath has a 1 year low of $10.37 and a 1 year high of $25.47. The stock has a market cap of $6.76 billion, a P/E ratio of -76.84 and a beta of 0.98.

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.