UiPath (NASDAQ:PATH – Get Rating) had its price target decreased by equities researchers at Wells Fargo & Company from $35.00 to $30.00 in a note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s price objective indicates a potential upside of 73.91% from the company’s current price.
Several other research analysts also recently issued reports on PATH. Morgan Stanley cut their price objective on UiPath from $74.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, March 31st. Canaccord Genuity Group cut their price objective on UiPath from $55.00 to $30.00 in a research report on Thursday, March 31st. Oppenheimer cut their price objective on UiPath from $56.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday, March 31st. Canaccord Genuity Group lowered their target price on shares of UiPath from $55.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, March 31st. Finally, Credit Suisse Group lowered their target price on shares of UiPath from $75.00 to $57.50 and set an “outperform” rating for the company in a research note on Thursday, March 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.38.
Shares of PATH stock traded up $0.19 during midday trading on Wednesday, reaching $17.25. 64,720 shares of the company traded hands, compared to its average volume of 7,770,972. The firm’s 50 day simple moving average is $21.97 and its two-hundred day simple moving average is $34.88. UiPath has a 1-year low of $13.66 and a 1-year high of $90.00. The firm has a market cap of $9.35 billion and a PE ratio of -10.52.
In related news, Director Rich Wong sold 75,000 shares of the stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $37.81, for a total transaction of $2,835,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimberly Hammonds sold 2,521 shares of the company’s stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $28.19, for a total transaction of $71,066.99. The disclosure for this sale can be found here. 31.88% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baldwin Brothers LLC MA acquired a new position in UiPath in the 4th quarter worth about $26,000. Prospera Financial Services Inc bought a new stake in shares of UiPath in the 1st quarter valued at approximately $27,000. Sterling Investment Advisors Ltd. bought a new stake in shares of UiPath in the 4th quarter valued at approximately $30,000. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of UiPath in the 4th quarter valued at approximately $30,000. Finally, Benjamin Edwards Inc. grew its stake in shares of UiPath by 65.4% in the 4th quarter. Benjamin Edwards Inc. now owns 708 shares of the healthcare company’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. 52.19% of the stock is owned by hedge funds and other institutional investors.
About UiPath (Get Rating)
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, and Japan. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.
- Get a free copy of the StockNews.com research report on UiPath (PATH)
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