UiPath, Inc. (NYSE:PATH) Receives $13.83 Average Target Price from Brokerages

Shares of UiPath, Inc. (NYSE:PATH) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.83.

A number of research firms have recently commented on PATH. Morgan Stanley raised their price objective on shares of UiPath from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Mizuho cut their price objective on shares of UiPath from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company restated an “equal weight” rating on shares of UiPath in a research report on Friday, May 30th. Royal Bank Of Canada raised their price objective on shares of UiPath from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Friday, May 30th. Finally, Canaccord Genuity Group set a $16.00 price objective on shares of UiPath and gave the company a “buy” rating in a research report on Monday, June 2nd.

Insider Activity at UiPath

In other UiPath news, CFO Ashim Gupta sold 56,322 shares of UiPath stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $12.72, for a total transaction of $716,415.84. Following the transaction, the chief financial officer directly owned 859,991 shares of the company’s stock, valued at approximately $10,939,085.52. This trade represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel Dines sold 45,000 shares of UiPath stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $12.43, for a total transaction of $559,350.00. Following the transaction, the chief executive officer directly owned 5,058,376 shares in the company, valued at $62,875,613.68. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 821,322 shares of company stock worth $10,309,066 over the last three months. Insiders own 23.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of UiPath by 3.0% during the first quarter. Vanguard Group Inc. now owns 48,061,096 shares of the company’s stock worth $495,029,000 after acquiring an additional 1,396,972 shares in the last quarter. Senvest Management LLC raised its stake in shares of UiPath by 29.2% during the fourth 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 raised its stake in shares of UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock worth $84,209,000 after acquiring an additional 2,072,089 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of UiPath by 10.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,132,003 shares of the company’s stock worth $63,164,000 after purchasing an additional 602,866 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of UiPath by 479.3% in the first quarter. Federated Hermes Inc. now owns 5,720,096 shares of the company’s stock worth $58,917,000 after purchasing an additional 4,732,712 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

UiPath Stock Down 0.7%

Shares of NYSE:PATH opened at $11.99 on Monday. The firm has a market capitalization of $6.42 billion, a PE ratio of -99.91, a P/E/G ratio of 15.83 and a beta of 1.04. UiPath has a twelve month low of $9.38 and a twelve month high of $15.93. The company has a 50-day moving average price of $12.66 and a two-hundred day moving average price of $12.40.

UiPath (NYSE:PATH) last issued its earnings results on Thursday, May 29th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $356.62 million during the quarter, compared to analyst estimates of $332.17 million. UiPath had a negative net margin of 4.65% and a negative return on equity of 3.05%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. Analysts anticipate that UiPath will post -0.17 earnings per share for the current fiscal year.

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.