UiPath, Inc. (NYSE:PATH) Given Consensus Rating of “Hold” by Analysts

by · The Cerbat Gem

UiPath, Inc. (NYSE:PATH – Get Free Report) has received a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $15.6429.

Several equities analysts have recently commented on PATH shares. Needham & Company LLC reissued a “hold” rating on shares of UiPath in a report on Thursday. Mizuho boosted their price target on shares of UiPath from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays raised their price objective on UiPath from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday. UBS Group reiterated a “neutral” rating on shares of UiPath in a research report on Thursday. Finally, Canaccord Genuity Group increased their price target on UiPath from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday.

Get Our Latest Research Report on PATH

Insider Buying and Selling at UiPath

In other news, CAO Hitesh Ramani sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $15.47, for a total value of $77,350.00. Following the sale, the chief accounting officer directly owned 182,776 shares in the company, valued at $2,827,544.72. The trade was a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel Dines sold 45,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $15.07, for a total transaction of $678,150.00. Following the sale, the chief executive officer owned 29,288,585 shares in the company, valued at $441,378,975.95. This represents a 0.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,319,002 shares of company stock worth $34,094,875 in the last 90 days. 23.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UiPath

Several large investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP purchased a new position in shares of UiPath in the 2nd quarter worth approximately $102,559,000. Norges Bank purchased a new stake in UiPath during the 2nd quarter valued at $68,451,000. AQR Capital Management LLC lifted its position in UiPath by 76.0% in the second quarter. AQR Capital Management LLC now owns 11,407,569 shares of the company’s stock worth $145,732,000 after buying an additional 4,926,341 shares during the last quarter. TFG Asset Management GP Ltd boosted its stake in UiPath by 53.3% during the second quarter. TFG Asset Management GP Ltd now owns 13,722,244 shares of the company’s stock worth $175,645,000 after buying an additional 4,772,244 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in UiPath during the second quarter worth $59,561,000. 62.50% of the stock is owned by institutional investors.

UiPath Trading Up 24.5%

NYSE:PATH opened at $18.50 on Friday. UiPath has a 12-month low of $9.38 and a 12-month high of $18.74. The stock has a 50-day moving average price of $14.80 and a 200 day moving average price of $13.03. The stock has a market capitalization of $9.83 billion, a P/E ratio of 44.05, a P/E/G ratio of 5.50 and a beta of 1.10.

UiPath (NYSE:PATH – Get Free Report) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. UiPath had a return on equity of 3.83% and a net margin of 14.79%.The company had revenue of $411.11 million for the quarter, compared to analysts’ expectations of $392.46 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that UiPath will post -0.17 earnings per share for the current fiscal year.

UiPath Company Profile

(Get Free Report)

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.

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