Mizuho Lowers UiPath (NYSE:PATH) Price Target to $12.00

UiPath (NYSE:PATH) had its price target decreased by equities research analysts at Mizuho from $14.00 to $12.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 10.66% from the stock’s current price.

PATH has been the topic of a number of other reports. Morgan Stanley decreased their price objective on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group assumed coverage on UiPath in a report on Thursday, December 12th. They issued a “sell” rating and a $14.00 price objective for the company. Bank of America reiterated an “underperform” rating and issued a $10.00 price objective (down from $18.00) on shares of UiPath in a report on Thursday. BMO Capital Markets increased their target price on UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Barclays dropped their target price on UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, UiPath has an average rating of “Hold” and a consensus target price of $14.53.

UiPath Price Performance

Shares of PATH opened at $10.84 on Thursday. The firm has a market cap of $5.96 billion, a PE ratio of -67.78 and a beta of 1.00. The stock’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $13.15. UiPath has a 1 year low of $9.50 and a 1 year high of $23.97.

Insider Activity at UiPath

In related news, CAO Hitesh Ramani sold 25,000 shares of the firm’s 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 completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief financial officer now owns 856,538 shares in the company, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

Institutional Trading of UiPath

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in UiPath by 88.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after purchasing an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in UiPath by 47.8% during the 4th 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 during the last quarter. EverSource Wealth Advisors LLC boosted its stake in UiPath by 141.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in UiPath by 33.4% during the 4th quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock valued at $39,000 after purchasing an additional 759 shares during the last quarter. Finally, Quarry LP boosted its stake in UiPath by 654.4% during the 3rd quarter. Quarry LP now owns 3,146 shares of the company’s stock valued at $40,000 after purchasing an additional 2,729 shares during the last quarter. 62.50% of the stock is currently 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.