UiPath Inc. (NYSE:PATH) Receives $12.72 Average PT from Analysts

Shares of UiPath Inc. (NYSE:PATH) have been given an average rating of “Hold” by the nineteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.72.

PATH has been the topic of a number of research reports. Canaccord Genuity Group lowered their target price on UiPath from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Evercore ISI reduced their price objective on UiPath from $16.00 to $12.00 and set an “in-line” rating for the company in a research note on Thursday, March 13th. Mizuho cut their price target on UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC reiterated a “hold” rating on shares of UiPath in a research note on Wednesday, March 26th. Finally, Barclays cut their price target on UiPath from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th.

Insider Activity at UiPath

In other news, CAO Hitesh Ramani sold 12,500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $10.19, for a total value of $127,375.00. Following the sale, the chief accounting officer now directly owns 314,891 shares in the company, valued at approximately $3,208,739.29. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ashim Gupta sold 98,795 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $12.01, for a total value of $1,186,527.95. Following the completion of the transaction, the chief financial officer now directly owns 987,322 shares in the company, valued at approximately $11,857,737.22. This trade represents a 9.10% decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UiPath

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of UiPath by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock worth $495,029,000 after purchasing an additional 1,396,972 shares in the last quarter. Senvest Management LLC lifted its holdings in shares of UiPath by 29.2% in the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock valued at $178,890,000 after buying an additional 3,180,300 shares during the period. AQR Capital Management LLC lifted its holdings in shares of UiPath by 45.3% in the 4th quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock valued at $84,209,000 after buying an additional 2,072,089 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of UiPath by 10.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,132,003 shares of the company’s stock valued at $63,164,000 after buying an additional 602,866 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of UiPath by 479.3% in the 1st quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company’s stock valued at $58,917,000 after purchasing an additional 4,732,712 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Price Performance

UiPath stock opened at $12.92 on Wednesday. UiPath has a one year low of $9.38 and a one year high of $20.59. The stock’s 50 day moving average is $11.19 and its 200 day moving average is $12.71. The firm has a market cap of $7.12 billion, a P/E ratio of -80.72 and a beta of 1.01.

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.